Goods in Transit Insurance if the performance of this Agreement requires the Supplier to transport Goods to or from the Site, unless otherwise advised by the Company in writing, the Supplier will maintain insurance covering loss of or damage to the Goods during transit, regardless of whether the Company has paid for those Goods.
Goods in Transit Insurance. Where clause 7.1 (goods in transit insurance) of the Schedule indicates that the Hirer will take out Goods in Transit Insurance then the following requirements for the policy apply:
Goods in Transit Insurance. 10.1 The Transporter shall take out and maintain during this Agreement, Good in transit insurance to cover any claims by the Client of the Good described in ad-paragraph 3.8.
Goods in Transit Insurance. 5.1 Notwithstanding any provision to the contrary contained in the GENERAL TERMS, the CARRIER undertakes to, at its own cost, effort and expense and for the tenure hereof, procure and maintain all risk “first loss” goods in transit insurance (“GIT”) in respect of all goods to be transported by the CARRIER on behalf of the COMPANY in the sum of R150 000.00 (One Hundred and Fifty Thousand Rand) per full load provided that such sum may be increased by the COMPANY from time to time. The CARRIER undertakes to procure that the COMPANY’S interest therein is noted on such insurance policy. The procurement of any insurance cover (GIT and otherwise) by or on behalf of the CARRIER, shall not relieve the CARRIER from or diminish its liability in respect of any risk assumed by or imposed upon the CARRIER in terms hereof or in law, in particular but without limitation, the risk in respect of the goods transported by the CARRIER.
Goods in Transit Insurance. If the performance of the Works requires the Supplier to transport Goods to or from Xxxxxxxx’x premises, unless advised otherwise by Xxxxxxxx, the Supplier will maintain insurance covering the loss of or damage to the Goods during transit, regardless of whether Xxxxxxxx has paid for those Goods. Such insurance must note Xxxxxxxx as a named insured under the policy.
Goods in Transit Insurance. Where clause 7.1 of the schedule indicates that the owner-driver will take out goods in transit insurance, then the following requirements for the policy apply: (a) Limit of any one loss: $150,000. (b) The Policy will cover at least the following insured events: • Fire, hail, explosion, lightning or flood. • Collision of the conveying vehicle with any external object other than the road, gutter or similar surrounding surfaces. • Overturning, jack-knifing or derailment of the conveying vehicle. • Impact of the goods with something that is not on or part of the conveying vehicle (but not impact with the road or surrounding areas caused by the goods dropping or falling from the conveying vehicle, unless caused by one of the above events). • Loss of profit / consequential loss to $100,000. • Theft, pilferage and non-delivery. • Debris removal following loss - $25,000 limit. • Shedding of load. • Damage caused by strikers, locked-out workers or persons taking part in labour disturbances, riots or civil commotions. • The wilful act of a third party, which was committed without the knowledge or connivance of the owner-driver or the owner of the goods. • Where refrigerated goods are carried, cost of deterioration of refrigerated goods caused by any of the above events or by mismanagement or malfunction of refrigerating equipment.
Goods in Transit Insurance. Where clause 7.1 of the schedule indicates that the hirer will take out goods in transit insurance, then the following requirements for the policy apply: (a) The hirer will arrange and keep goods in transit insurance that will indemnify both the hirer and the owner-driver against their respective legal liabilities for loss or damage to goods in transit, and equipment owned by the hirer (such as a trailer) used by the owner-driver in the performance of the services. The insurance will meet at least the specifications referred to in clause 9.3 of this contract. (b) The hirer may deduct the cost of the hirer’s goods in transit insurance from money payable to the owner-driver, provided that: (i) The deduction is a direct and proper reflection of the actual cost of the insurance policy; and (ii) The hirer provides to the owner-driver a copy of the insurance policy; and (iii) Where the policy covers multiple owner-drivers or employee drivers, satisfactory written evidence that the amount to be deducted from the owner-driver is proportional to the owner- driver’s share of potential liability covered by the policy. (c) If the owner-driver has adequate goods in transit insurance meeting the standards as described in clause 9.3, the hirer will not deduct moneys for insurance under this clause.
