Compulsory Insurances Sample Clauses

Compulsory Insurances. (a) The insurances required under clauses 1, 2, and 3 hereof are hereinafter together referred to as the “Compulsory Insurances.” (b) Owner may obtain Increased Value Insurance and/or Hull Interest or Freight Interest Insurance for an amount agreed to by underwriters and approved by Charterer for a portion of the Insured Value on Hull and Machinery on terms (so far as applicable) similar to those for the Hull and Machinery Insurance and with the same insurers or others of similar standing. (c) When the Vessel is idle or laid up, Owner may (or subject to availability, at the request of Charterer, Owner shall), in lieu of insurances required hereunder, arrange port risk insurance under forms, which are subject to Charterer’s prior approval, insuring the Vessel against the usual risks covered by such forms, and such port risk insurance shall be deemed Compulsory Insurances for the purposes of reimbursement as specified in this Charter. Owner shall obtain Hull and Machinery Insurance underwriters’ prior consent to such port risk insurance at the time of each renewal.

Compulsory Insurances. The insurances required under Paragraphs 1 and 2 hereof and the DPEM insurance — Insurance for Personal Damages caused by Vessels or their Cargo -, are hereinafter sometimes together referred to as the “Compulsory Insurances”.

Compulsory Insurances. (a) The insurances required under paragraphs 1, 2, 3 and 4 above are sometimes together referred to as the “Compulsory Insurances”. (b) Owner may consider obtaining Increased Value Insurance (Hull Interest and Freight Interest Insurance (HI and FI) for an amount recommended by underwriters for a portion of the insured value on Hull & Machinery on terms (so far as applicable) similar to those for the Hull & Machinery insurance and with same insurers or others of similar standing. The decision whether to use such insurance and the percentage of the insured value to be covered by such insurance shall be made by Owner, taking into consideration the adequacy of the insurance coverage. (c) When the FSRU is idle or laid up, Owner may (or subject to availability, at the request of Company, Owner shall), in lieu of the insurance required hereunder, arrange port risk insurance under such forms as Company may approve in writing, such approval not to be unreasonably withheld, insuring the FSRU against the usual risks covered by such forms and for the amounts set out in paragraph 1. Owner shall obtain Hull & Machinery Insurance underwriters’ prior consent to such port risk insurance at the time of each renewal.

Compulsory Insurances. (a) The insurances required under Paragraphs 1, 2 and 3 hereof and the DPEM insurance — Insurance for Damages to Individuals caused by Vessels or their Cargo- are hereinafter sometimes together referred to as the “Compulsory Insurances”. (b) Owner may consider obtaining Increased Value Insurance and/or Hull Interest and/or Time Charter Hire or Freight Interest Insurance for an amount recommended by underwriters for a portion of the Insured Value on Hull and Machinery on terms (so far as applicable) similar to those for the Hull and Machinery insurance and with same insurers or others of similar standing. The decision whether to use such insurance and the percentage of the Insured Value to be covered by such insurance shall be made by Owner, taking into consideration the adequacy of the insurance coverage. (c) When the Vessel is idle or laid up, Owner may (or subject to availability, at the request of Charterer, Owner shall), in lieu of the insurance required hereunder, arrange port risk insurance under such forms as Charterer may approve in writing such approval not to be unreasonably withheld, insuring the Vessel against the usual risks covered by such forms and for the amounts set forth in Paragraph 1.

Compulsory Insurances. (a) The insurances required under Part A of this Schedule IV (as they may be varied in accordance with paragraphs (b)-(d) below and renewed in accordance with paragraph 8 below) are hereinafter referred to as the “Compulsory Insurances.” (b) Owner may obtain Increased Value Insurance and/or Hull Interest and/or Freight Interest Insurance for an amount agreed to by underwriters and approved by Charterer for a portion of the Insured Value on Hull and Machinery on terms (so far as applicable) similar to those for the Hull and Machinery Insurance and with the same insurers or others of similar standing. The decision whether to use such insurance and the percentage of the Insured Value to be covered by such insurance shall be made by Owner, in consultation with Charterer, taking into consideration the amount of premium savings (if any) resulting therefrom and the adequacy of the insurance coverage. (c) When the Vessel is idle or laid up, Owner may, or at the request of Charterer and subject to availability shall, arrange port risk insurance in lieu of insurances Execution version re Hull 1689 required hereunder under terms which are, in the event such coverage is obtained at Charterer’s request, subject to Charterer’s prior approval, insuring the Vessel against the usual risks covered by such terms. The cost of arranging such coverage shall be for Charterer’s account if such coverage is arranged at Charterer’s request. Owner shall obtain Hull and Machinery Insurance underwriters’ prior consent to such port risk insurance at the time of each renewal. (d) At Charterer’s expense, Owner shall obtain such other insurances, endorsements and clauses to policies and entries as Charterer may from time to time request so long as such insurances, endorsements and clauses are not prohibited by other Compulsory Insurances.

Compulsory Insurances. Insurances required to comply with all statutory requirements of Peru.

Compulsory Insurances. The Contractor shall meet its insurance obligations under applicable Law in full, including, UK employers’ liability insurance and motor third party liability insurance.