Insurance of Consumables Sample Clauses

Insurance of Consumables. 13.3.1.5.1 This comprehensive cargo and transport insurance policy shall protect the Consumables during the transportation of the same to the Site against all risks of loss or damage normally insurable including war, strikes, riots and civil commotion from the time Consumables are ready for being loaded on to the relevant means of transportation at the Loading Point until arrival at the Site (warehouse to warehouse insurance). The sum insured under such insurance policy must not be less than 110% (one hundred and ten percent) of the full replacement value of the Consumables transported including freight and insurance charges. The policy conditions are expected to include:
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Related to Insurance of Consumables

  • Maintenance of Properties; Insurance The Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

  • Maintenance of Insurance Policies The Servicer shall, in accordance with its customary practices, policies and procedures, require that each Obligor shall have obtained physical damage insurance covering the Financed Vehicle as of the execution of the related Receivable. The Servicer shall, in accordance with its customary practices, policies and procedures, track such physical damage insurance with respect to each Receivable.

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