Insurance and Losses. Insurance premia and costs incurred for insurance pursuant to Article 24 of the Contract, provided that such insurance is customary, affords prudent protection against risk and is at a premium no higher than that charged on a competitive basis by insurance companies which are not Affiliates. Except as provided in Sections 3.2 (ix), Section 3.2(x) and Section 3.2(xi), actual costs and losses incurred shall be allowable to the extent not made good by insurance. Such costs may include, but are not limited to, repair and replacement of property in the Contract Area resulting from damages or losses incurred by fire, flood, storm, theft, accident or such other cause.
Insurance and Losses. Insurance premiums and costs incurred for insurance provided that such insurance is customary, affords prudent protection against risk and is at a premium no higher than that charged on a competitive basis by insurance companies which are not Affiliates of the Contractor. Except in cases of failure to insure where insurance coverage is required pursuant to this Agreement, actual costs and losses incurred shall be allowable to the extent not made good by insurance. Such costs may include repair and replacement of property resulting from damages or losses incurred by fire, flood, storm, theft, accident or other cause.
Insurance and Losses. Insurance premiums and costs incurred for insurance provided that such insurance is customary, affords prudent protection against risk and is at a premium no higher than that charged on a competitive basis by insurance companies which are not Affiliates of the Contractor. Except in cases of costs incurred as a result of failure to insure where insurance is required pursuant to this Contract, or of failure to follow procedures laid down by and insurance policy or where the Contractor has elected to self-insure, or has under-insured, actual costs and losses incurred shall be allowable to the extent not made good by insurance. Such costs may include repair and replacement of property resulting from damages or losses incurred by fire, flood, storm, theft, accident or other cause.
Insurance and Losses. Insurance premiums and costs incurred for insurance pursuant to the Contractor and the legislation, provided that such insurance is customary, affords prudent protection against risk and is at a premium no higher than that charged on a competitive basis by insurance companies which are not Affiliates of the Contractor. Except in cases of failure to insure where insurance coverage is required pursuant to the Contract, actual casualty losses incurred and connected costs, including insurance deductibles, shall be allowable to the extent not made good by insurance. Such costs may include repair and replacement of property in the Contract Area resulting from damages or losses incurred by fire, flood, storm, theft, accident or such other cause.
Insurance and Losses a) Insurance premia and costs incurred for insurance, provided that if such insurance is wholly or partly placed with an Affiliate of Contractor, such premia and costs shall be recoverable only to the extent not in excess of those generally charged by competitive insurance companies other than Affiliate;
Insurance and Losses. The cost for insurance policies for the losses referred to in Title XIX of the Petroleum Regulation as regard to insurance premiums paid to local and/or foreign insurance companies as well as the cost of damages for non-insured losses.
Insurance and Losses. Insurance premia and costs incurred for insurance, provided that if such insurance is wholly or partly placed with an Affiliated Company of Licensee, such premia and costs shall be recoverable only to the extent generally charged by competitive insurance companies other than an Affiliated Company of Licensee. Costs and losses incurred as a consequence of events which are, and in so far as, not made good by insurance obtained under the Agreement are recoverable under the Agreement unless such costs have resulted solely from an act of wilful misconduct or negligence of Licensee.
Insurance and Losses. Insurance premia and costs incurred for insurance arranged in accordance with the EPCC provided that if such insurance is wholly or partly placed with an Affiliated Company of the Concessionaires, such premia and costs shall be recoverable only to the extent generally charged by insurance companies other than an Affiliated Company of the Concessionaires. Costs and losses incurred as a consequence of events which are, and in so far as, not made good by insurance obtained under the EPCC are recoverable under the EPCC.
Insurance and Losses. 60 13.1 INSURANCE.................................................. 60 13.2
Insurance and Losses. Insurance premia and costs incurred for insurance of such type and in such amount as is customary in the international petroleum industry in accordance with good oilfield practice, provided that if such insurance is wholly or partly placed with an Affiliate of the Company, such premia and costs shall be allowable only to the extent generally charged by competitive insurance companies other than an Affiliate. Costs and losses incurred as a consequence of events which are, and in so far as, not made good by insurance are allowable under the Agreement unless such costs have resulted solely from an act of wilful misconduct or gross negligence of the Company.
