as respects salvage expense or loss or damage to drill stem

14:30 Jan 4, 2016 

Мой перевод: (не покрывается) сумма свыше суммы затрат на спасание бурильной колонны или сумма ее гибели или повреждения, или свыше обеих этих сумм.
Но хотелось бы услышать и другие варианты.

11:22 Jan 3, 2016 

10. IN-HOLE SALVAGE EXPENSE
In the event in hole salvage expense is incurred with respect to drill stem lost or damaged as a result of a peril insured against, this insurance shall cover that proportion of such expense that the value of the drill stem below the earth's surface (at the time of loss) bears to the aggregate cost of the hole at the attained depth (at the time of loss) plus the value of the drill stem below the earth's surface (at the time of loss).
However, this insurance shall not cover:
(a) Salvage expense contractually assumed by or made the responsibility of the well owner or operator.
(b) For any amount in excess of the value of the drill stem below the earth's surface (at the time of loss) as respects salvage expense or loss or damage to drill stem or both combined.