The cost of rebuilding premises following its destruction by an insured peril. The amount, taking into account professional fees and debris removal, should represent the sum insured under a buildings reinstatement insurance. The ABI’s guide on buildings costs is drawn from the ‘Guide to House Rebuilding Costs’ published by the Building Cost Information Service of the Royal Institution of Chartered Surveyors. Received for shipment bill The bill of lading issued prior to shipment stating the particulars of goods and their apparent condition. Under the Carriage of Goods by Sea Act 1971 such a bill may be demanded by a shipper from the shipowner.