Common use of All Risk Clause in Contracts

All Risk. Seller shall purchase and maintain insurance to the full replacement cost of the Equipment during the process of fabrication, in the factory, and until transportation from Seller’s final assembly factory commences, for physical loss and damage including but not limited to theft, vandalism, and malicious mischief, collapse, water damage and such other perils as Seller deems appropriate. Seller may self insure work in the process of fabrication.