CHARTERER'S LIABILITY INSURANCE Sample Clauses
The Charterer's Liability Insurance clause requires the charterer to obtain and maintain insurance coverage that protects against liabilities arising from their use of the vessel. This typically includes coverage for damage to the vessel, third-party claims, pollution, and other risks associated with chartering operations. By mandating such insurance, the clause ensures that financial responsibility for potential losses or damages is clearly allocated, thereby protecting both the vessel owner and third parties from uninsured risks.
CHARTERER'S LIABILITY INSURANCE. Charterer's Liability Insurance for any vessel chartered by the Provider utilized in connection with this Agreement, with either a Mutual Protection & Indemnity Association or otherwise in an amount of $[*] per occurrence.