Insurances During the Construction Period (Prior to Commercial Operations Date. (i) Marine and Air Cargo Insurance: Coverage: Shall insure all materials, equipment machinery, spares and other items for incorporation into the Facility against all risks of physical loss or damage while in transit by sea or air from country of origin anywhere in the world to the Site in Bangladesh, or vice versa, from the time of the insured items leaving warehouse or factory for shipment to the Site. Cover to institute Cargo Clauses (Air), institute War Clauses (Air), (Sendings By Post), institute Strikes Clause (Cargo, Air Cargo) or equivalent. Sum insured: An amount equal to cost and freight of any shipment. Insured: The Company, the Contractors and suppliers to the Company and to the Contractors.
Appears in 5 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
