ALOP is issued for EAR/ CAR projects to cover projected Gross Profit which was deemed to have been achieved after successful commissioning of the project had there been no delay in commissioning arising out of an operational peril under the project policy. The indemnity period and projected Gross Profit ( Net profit + standing charges) have to be selected and declared at the inception of the EAR/ CAR project. This cannot be chosen/ declared at a later date.
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