FN24 CONTRACT PRICE CLAUSE In respect of goods sold but not delivered for which the Insured is responsible and with regard to which under the conditions of sale, contract is cancelled by reason of the fire or any peril hereby insured against, either wholly or to the extent of the loss or damage, the liability of the Company shall be based on the contract price and for the purpose of average, the value of goods to which the clause would in the event of loss or damage be applicable shall be ascertained on the same basis.
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