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Under the Erection All Risk insurance policy, various factors have to be considered such as:
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Prime cost of the machinery (Bare cost) (Manufacturers / Suppliers / Fabricators) plus
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Freight (Inland and Ocean) plus
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Duties / Excise paid at the point of origin, if any +
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Supervision cost at the point of loading, if any +
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Supervision cost at the point of destination, if any +
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Customs / Excise duty at the point of discharge, if any +
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Warehousing charges, if any +
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Clearing and forwarding expenses +
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Fabrication charges +
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Handling charges +
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Erection, supervision and other incidentals and other overheads