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Insurance allowance

Article 10:


The Port of Beirut Authority charges each occupancy contract an annual amount of $100 for each warehouse of (200m2) in the industrial buildings (2,5,6) and an amount of $50 for each warehouse of (70m2).  As for building no 3 (Al Sajjad Bldg) the annual charge is $50 for each unit of (75m2). These allowances are the share of each warehouse of the general insurance policy coverage, which covers risks to the building and its common areas.  This policy does not cover goods stored within the occupied warehouse, as the responsibility for insuring them remains with the occupant.

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