Common use of General Issues Clause in Contracts

General Issues. At the latest together with the return of the relevant countersigned Further Agreement(s) under this Framework Agreement, and for the period of implementation of the tasks under the relevant Further Agreement, the Contractor shall ensure that itself, its staff, its subcontractors and any person for which the Contractor is answerable, are adequately insured with insurance companies recognized on the international insurance market, unless FMO has given its express written consent on a specific insurance company. At the latest together with the return of the relevant countersigned Further Agreement under this Framework Agreement, the Contractor shall provide FMO with all cover notes and/or certificates of insurance showing that the Contractor's obligations relating to insurance are fully respected. The Contractor shall submit without delay, if FMO so requests, an updated version of the cover notes and/or certificates of insurance. The Contractor shall obtain from the insurers the consent that they commit to personally and directly inform FMO of any event likely to reduce, cancel or alter in any manner whatsoever, that coverage. The insurers shall deliver this information as quickly as possible, and in any event at least thirty (30) days before the reduction, cancellation or alteration of the cover is effective. FMO reserves the right to indemnify the insurer in case the Contractor fails to pay the premium, without prejudice to FMO’s right to recover the amount of the premium it paid, and to subsequently seek compensation for its possible resulting damage. Whenever possible, the Contractor shall ensure that the subscribed insurance contracts contain a waiver of recourse in favour of FMO, its agents and employees. The purchase of adequate insurances by the Contractor shall in no case exempt it from its statutory and/or contractual liabilities. The Contractor shall fully bear the consequences of a total or partial lack of coverage, and to the full discharge of FMO. The Contractor shall ensure that its staff, its subcontractors and any person for which the Contractor is answerable comply with the same insurance requirements imposed to it under this contract. In case of default of insurance or inadequate insurance of its staff, its subcontractors or any person for which the Contractor is answerable, the Contractor shall indemnify FMO from all consequences resulting therefrom. Under its own responsibility and without prejudice to the obligation to take out all insurance covering its obligations under this Agreement, the Contractor shall ensure that all compulsory insurances are subscribed in compliance with the laws and regulations in force in the country in which the duties are to be performed. It shall also ensure that all possible statutory obligations applying to the coverage are complied with. FMO shall not bear any liability for the assessment and adequacy of insurance policies taken out by the Contractor with its contractual and/or statutory obligations.