{"component": "clause", "props": {"groups": [{"size": 47, "samples": [{"hash": "fV1eavdBZB8", "uri": "/contracts/fV1eavdBZB8#insurances", "label": "Standard Terms and Conditions of Purchase", "score": 26.6810398102, "published": true}, {"hash": "f9WDPu1Qnjg", "uri": "/contracts/f9WDPu1Qnjg#insurances", "label": "Standard Terms and Conditions of Purchase", "score": 26.6783027649, "published": true}, {"hash": "lFpYBgljwmq", "uri": "/contracts/lFpYBgljwmq#insurances", "label": "Standard Terms and Conditions of Purchase", "score": 26.6386032104, "published": true}], "snippet_links": [{"key": "the-term-of-the-contract", "type": "clause", "offset": [7, 31]}, {"key": "seller-shall", "type": "clause", "offset": [33, 45]}, {"key": "in-force", "type": "definition", "offset": [55, 63]}, {"key": "insurance-company", "type": "definition", "offset": [101, 118]}, {"key": "professional-indemnity-insurance", "type": "clause", "offset": [120, 152]}, {"key": "product-liability-insurance", "type": "definition", "offset": [154, 181]}, {"key": "public-liability-insurance", "type": "definition", "offset": [183, 209]}, {"key": "insurance-and", "type": "clause", "offset": [231, 244]}, {"key": "insurances-required", "type": "clause", "offset": [256, 275]}, {"key": "obligations-under-the", "type": "clause", "offset": [288, 309]}, {"key": "required-by-law", "type": "definition", "offset": [329, 344]}, {"key": "in-connection-with", "type": "clause", "offset": [420, 438]}, {"key": "seller-will", "type": "clause", "offset": [453, 464]}, {"key": "insurance-certificates", "type": "clause", "offset": [494, 516]}, {"key": "cover-provided", "type": "clause", "offset": [539, 553]}], "snippet": "During the term of the Contract, Seller shall maintain in force at its own expense, with a reputable insurance company, professional indemnity insurance, product liability insurance, public liability insurance, employers liability insurance and such other insurances required to meet its obligations under the Contract or as are required by law, in an amount sufficient to cover such liabilities that may arise under or in connection with the Contract. Seller will, on Buyer\u2019s request, produce insurance certificates giving details of the cover provided.", "hash": "8b353381e27f0ad5998ef00f49b55217", "id": 4}, {"size": 98, "samples": [{"hash": "iZ8Kl6AAStK", "uri": "/contracts/iZ8Kl6AAStK#insurances", "label": "Contract Agreement", "score": 33.2562103271, "published": true}, {"hash": "bYlAKGm8orr", "uri": "/contracts/bYlAKGm8orr#insurances", "label": "Contract", "score": 33.2042007446, "published": true}, {"hash": "dMy9UoNJGSI", "uri": "/contracts/dMy9UoNJGSI#insurances", "label": "Contract", "score": 33.1795654297, "published": true}], "snippet_links": [{"key": "the-contractor-shall", "type": "clause", "offset": [16, 36]}, {"key": "coverage-during", "type": "clause", "offset": [70, 85]}, {"key": "this-contract", "type": "definition", "offset": [111, 124]}], "snippet": "In this regard, the Contractor shall maintain the following insurance coverage during the effective term(s) of this contract:", "hash": "18b5eda2d20f379fc44952ab4e0dca38", "id": 2}, {"size": 25, "samples": [{"hash": "926lNlIiy4J", "uri": "/contracts/926lNlIiy4J#insurances", "label": "A319/A320 Purchase Agreement (China Southern Airlines Co LTD)", "score": 21.0, "published": true}, {"hash": "5mZnn9eMdGO", "uri": "/contracts/5mZnn9eMdGO#insurances", "label": "A319/A320 Purchase Agreement (China Southern Airlines Co LTD)", "score": 21.0, "published": true}], "snippet_links": [{"key": "training-periods", "type": "clause", "offset": [8, 24]}, {"key": "the-buyer-shall", "type": "clause", "offset": [38, 53]}, {"key": "clause-19", "type": "clause", "offset": [86, 95]}, {"key": "additional-insureds", "type": "clause", "offset": [181, 200]}, {"key": "liability-insurance-policies", "type": "clause", "offset": [248, 276]}, {"key": "war-risks", "type": "clause", "offset": [288, 297]}, {"key": "to-the-extent", "type": "clause", "offset": [317, 330]}, {"key": "of-the-buyer", "type": "clause", "offset": [331, 343]}, {"key": "to-the-buyer", "type": "clause", "offset": [400, 412]}, {"key": "all-risks", "type": "definition", "offset": [420, 429]}, {"key": "hull-insurance", "type": "definition", "offset": [529, 543]}, {"key": "to-waive", "type": "clause", "offset": [553, 561]}, {"key": "rights-of-subrogation", "type": "clause", "offset": [566, 587]}, {"key": "by-the-buyer", "type": "clause", "offset": [812, 824]}, {"key": "to-the-seller", "type": "definition", "offset": [886, 899]}, {"key": "prior-to-the", "type": "clause", "offset": [938, 950]}, {"key": "certificates-of-insurance", "type": "clause", "offset": [986, 1011]}, {"key": "in-english", "type": "definition", "offset": [1013, 1023]}, {"key": "limit-of-liability", "type": "definition", "offset": [1040, 1058]}, {"key": "period-of-insurance", "type": "clause", "offset": [1069, 1088]}, {"key": "from-the-buyer", "type": "definition", "offset": [1124, 1138]}, {"key": "liability-insurances", "type": "definition", "offset": [1265, 1285]}, {"key": "primary-and-non", "type": "clause", "offset": [1312, 1327]}, {"key": "by-the-seller", "type": "clause", "offset": [1369, 1382]}, {"key": "subject-to", "type": "clause", "offset": [1408, 1418]}, {"key": "confidential-treatment", "type": "definition", "offset": [1419, 1441]}, {"key": "omitted-and-filed-separately-with-the-commission", "type": "clause", "offset": [1455, 1503]}, {"key": "materially-altered", "type": "definition", "offset": [1590, 1608]}, {"key": "lesser-period", "type": "definition", "offset": [1685, 1698]}, {"key": "in-respect-of", "type": "clause", "offset": [1731, 1744]}, {"key": "notice-thereof", "type": "clause", "offset": [1788, 1802]}, {"key": "referring-to", "type": "definition", "offset": [2032, 2044]}, {"key": "this-clause", "type": "clause", "offset": [2066, 2077]}], "snippet": "For all training periods on aircraft, the Buyer shall cause the Seller, as defined in Clause 19.5 hereof, its Affiliates, its Suppliers and their respective insurers to be named as additional insureds under the Buyer\u2019s Comprehensive Aviation Legal Liability insurance policies, including War Risks and Allied Perils, to the extent of the Buyer's undertaking set forth in Clause 19.\n2.1. With respect to the Buyer's Hull All Risks and Hull War Risks insurances and Allied Perils, the Buyer shall cause the insurers of the Buyer's hull insurance policies to waive all rights of subrogation against the Seller, as defined in Clause 19.5 hereof, its Affiliates, its Suppliers and their respective insurers to the extent of the Buyer's undertaking set forth in Clause 19.2.1. Any applicable deductible shall be borne by the Buyer. With respect to the above policies, the Buyer shall furnish to the Seller, not less than seven (7) working days prior to the start of any such training period, certificates of insurance, in English, evidencing the limit of liability cover and period of insurance in a form acceptable to the Seller from the Buyer's insurance broker(s) certifying that such policies have been endorsed as follows:\n(i) under the Comprehensive Aviation Legal Liability Insurances, the Buyer's policies are primary and non-contributory to any insurance maintained by the Seller; *** This information is subject to confidential treatment and has been omitted and filed separately with the Commission. A319/A320 \u2013 CSN \u2013 01/04 CC-C 3370036/02\n(ii) such insurance can only be cancelled or materially altered by the giving of not less than thirty (30) days (but seven (7) days or such lesser period as may be customarily available in respect of War Risks and Allied Perils) prior written notice thereof to the Seller; and\n(iii) under any such cover, all rights of subrogation against the Seller, its Affiliates, its Suppliers and their respective insurers, have been waived to the extent of the Buyer's undertaking and specifically referring to Clause 19.2.1 and to this Clause 19.4.", "hash": "c48e9b41a8e3ee554b2d529886e7d17c", "id": 10}, {"size": 29, "samples": [{"hash": "1AeIXBk4JMh", "uri": "/contracts/1AeIXBk4JMh#insurances", "label": "Secured Loan Agreement (NCL CORP Ltd.)", "score": 24.0198497772, "published": true}, {"hash": "5sp7r4mQkoe", "uri": "/contracts/5sp7r4mQkoe#insurances", "label": "Eighth Supplemental Deed to Secured Loan Agreement (NCL CORP Ltd.)", "score": 23.0198497772, "published": true}, {"hash": "3IxLbC2DnUi", "uri": "/contracts/3IxLbC2DnUi#insurances", "label": "Secured Loan Agreement (NCL CORP Ltd.)", "score": 23.0198497772, "published": true}], "snippet_links": [{"key": "the-borrower", "type": "definition", "offset": [0, 12]}, {"key": "to-insure", "type": "clause", "offset": [19, 28]}, {"key": "the-vessel", "type": "clause", "offset": [29, 39]}, {"key": "in-clause", "type": "clause", "offset": [64, 73]}, {"key": "prior-to-the", "type": "clause", "offset": [136, 148]}, {"key": "date-of-expiry", "type": "clause", "offset": [149, 163]}, {"key": "confirmation-of", "type": "clause", "offset": [191, 206]}, {"key": "the-agent", "type": "clause", "offset": [223, 232]}], "snippet": "The Borrower fails to insure the Vessel in the manner specified in Clause 10.21 or fails to renew the Insurances at least ten (10) days prior to the date of expiry thereof and produce prompt confirmation of such renewal to the Agent.", "hash": "84a3a3011cedf87170ebc198639bca1c", "id": 9}, {"size": 362, "samples": [{"hash": "jJnXR7KMiDU", "uri": "/contracts/jJnXR7KMiDU#insurances", "label": "Master Agreement", "score": 36.1295013428, "published": true}, {"hash": "fdjj7pzdWTb", "uri": "/contracts/fdjj7pzdWTb#insurances", "label": "Master Agreement", "score": 35.9328918457, "published": true}, {"hash": "dfHHCygumFp", "uri": "/contracts/dfHHCygumFp#insurances", "label": "Master Agreement", "score": 33.751914978, "published": true}], "snippet_links": [{"key": "without-limiting-the-liability-of-the-supplier", "type": "clause", "offset": [5, 51]}, {"key": "service-provider", "type": "definition", "offset": [52, 68]}, {"key": "provider-shall", "type": "clause", "offset": [112, 126]}, {"key": "in-respect-of", "type": "clause", "offset": [146, 159]}, {"key": "all-risks", "type": "definition", "offset": [160, 169]}, {"key": "for-the-supplier", "type": "definition", "offset": [194, 210]}, {"key": "to-insure", "type": "clause", "offset": [228, 237]}, {"key": "agreement-for", "type": "clause", "offset": [324, 337]}, {"key": "injury-to-any-person", "type": "clause", "offset": [367, 387]}, {"key": "damage-to-property", "type": "definition", "offset": [392, 410]}, {"key": "under-review", "type": "definition", "offset": [448, 460]}, {"key": "annual-basis", "type": "definition", "offset": [480, 492]}, {"key": "to-ensure", "type": "clause", "offset": [494, 503]}, {"key": "provided-that", "type": "definition", "offset": [518, 531]}, {"key": "evidence-of", "type": "definition", "offset": [759, 770]}, {"key": "the-policies", "type": "clause", "offset": [788, 800]}, {"key": "days-after", "type": "definition", "offset": [848, 858]}, {"key": "policy-renewals", "type": "clause", "offset": [867, 882]}, {"key": "clause-27", "type": "clause", "offset": [900, 909]}, {"key": "if-the-supplier", "type": "clause", "offset": [919, 934]}, {"key": "adequate-insurance", "type": "definition", "offset": [968, 986]}, {"key": "this-clause", "type": "clause", "offset": [993, 1004]}, {"key": "in-writing", "type": "definition", "offset": [1034, 1044]}, {"key": "on-behalf-of", "type": "clause", "offset": [1162, 1174]}, {"key": "premiums-paid", "type": "clause", "offset": [1278, 1291]}, {"key": "responsibility-for", "type": "clause", "offset": [1388, 1406]}, {"key": "in-the-event", "type": "clause", "offset": [1503, 1515]}, {"key": "termination-of", "type": "definition", "offset": [1609, 1623]}, {"key": "insurance-cover", "type": "definition", "offset": [1628, 1643]}, {"key": "in-clause", "type": "clause", "offset": [1656, 1665]}, {"key": "the-insurance", "type": "clause", "offset": [1683, 1696]}, {"key": "commercially-reasonable-terms", "type": "definition", "offset": [1725, 1754]}, {"key": "terminate-this-agreement", "type": "clause", "offset": [1938, 1962]}, {"key": "other-party", "type": "definition", "offset": [1977, 1988]}, {"key": "notice-to", "type": "definition", "offset": [2043, 2052]}], "snippet": "27.1 Without limiting the liability of the Supplier/Service Provider under this Agreement, the Supplier/Service Provider shall take out insurance in respect of all risks for which it is prudent for the Supplier/Service Provider to insure against, including any liability it may have as a result of its activities under this Agreement for theft, destruction, death or injury to any person and damage to property. The level of insurance will be kept under review by Transnet, on an annual basis, to ensure its adequacy, provided that any variation to the level of such insurance shall be entirely at the discretion of the Supplier/Service Provider.\n27.2 The Supplier/Service Provider shall arrange insurance with reputable insurers and will produce to Transnet evidence of the existence of the policies on an annual basis within 30 [thirty] calendar days after date of policy renewals.\n27.3 Subject to clause 27.4 below, if the Supplier/Service Provider fails to effect adequate insurance under this clause 27, it shall notify Transnet in writing as soon as it becomes aware of the reduction or inadequate cover and Transnet may arrange or purchase such insurance on behalf of the Supplier/Service Provider. The Supplier/Service Provider shall promptly reimburse Transnet for any premiums paid provided such insurance protects the Supplier/Service Provider\u2019s liability. Transnet assumes no responsibility for such insurance being adequate to protect all of the Supplier/Service Provider\u2019s liability.\n27.4 In the event that the Supplier/Service Provider receives written notice from its insurers advising of the termination of its insurance cover referred to in clause 27.1 above or if the insurance ceases to be available upon commercially reasonable terms, the Supplier/Service Provider shall immediately notify Transnet in writing of such termination and/or unavailability, whereafter either the Supplier/Service Provider or Transnet may terminate this Agreement on giving the other Party not less than 30 [thirty] calendar days prior written notice to that effect.", "hash": "782b5254c1b883103d571ac64e617445", "id": 1}, {"size": 71, "samples": [{"hash": "dDIpgEyqL9Z", "uri": "/contracts/dDIpgEyqL9Z#insurances", "label": "Supplier Services Agreement", "score": 26.4784393311, "published": true}, {"hash": "3aLJfTvhgDe", "uri": "/contracts/3aLJfTvhgDe#insurances", "label": "Contract for Supplier Services", "score": 26.4401092529, "published": true}, {"hash": "j6c09O1bsgG", "uri": "/contracts/j6c09O1bsgG#insurances", "label": "Contract for Supplier Services", "score": 26.4031486511, "published": true}], "snippet_links": [{"key": "the-supplier-shall", "type": "clause", "offset": [5, 23]}, {"key": "insurance-cover", "type": "definition", "offset": [56, 71]}, {"key": "financial-limit", "type": "clause", "offset": [103, 118]}, {"key": "the-request", "type": "clause", "offset": [128, 139]}], "snippet": "21.1 The Supplier shall maintain professional indemnity insurance cover of an amount not less than the Financial Limit.\n21.2 At the request of DFID, or its representatives, the Supplier shall provide evidence showing that such insurance has been taken out and maintained and that current premiums have been paid.", "hash": "a2d161d94946b6ccf54699a3a81a513c", "id": 3}, {"size": 42, "samples": [{"hash": "bpry2n3pHvv", "uri": "/contracts/bpry2n3pHvv#insurances", "label": "Loan Agreement (Safe Bulkers, Inc.)", "score": 21.0, "published": true}, {"hash": "8Gg6UAKSD1t", "uri": "/contracts/8Gg6UAKSD1t#insurances", "label": "Loan Agreement (Safe Bulkers, Inc.)", "score": 21.0, "published": true}, {"hash": "2z1NHCkZW8W", "uri": "/contracts/2z1NHCkZW8W#insurances", "label": "Loan Agreement (Safe Bulkers, Inc.)", "score": 21.0, "published": true}], "snippet_links": [{"key": "default-shall", "type": "definition", "offset": [19, 32]}, {"key": "insurance-recoveries", "type": "clause", "offset": [54, 74]}, {"key": "loss-of-earnings", "type": "clause", "offset": [116, 132]}, {"key": "the-mortgagee", "type": "clause", "offset": [167, 180]}, {"key": "in-accordance-with", "type": "clause", "offset": [193, 211]}, {"key": "clause-2", "type": "definition", "offset": [212, 220]}, {"key": "the-relevant", "type": "clause", "offset": [422, 434]}, {"key": "notification-to", "type": "clause", "offset": [507, 522]}, {"key": "contrary-to", "type": "definition", "offset": [527, 538]}, {"key": "loss-payable-clauses", "type": "clause", "offset": [575, 595]}, {"key": "received-by", "type": "definition", "offset": [622, 633]}, {"key": "in-respect-of", "type": "clause", "offset": [648, 661]}, {"key": "major-casualty", "type": "definition", "offset": [666, 680]}, {"key": "as-specified", "type": "clause", "offset": [682, 694]}, {"key": "prior-to", "type": "definition", "offset": [746, 754]}, {"key": "insurance-monies", "type": "definition", "offset": [871, 887]}, {"key": "loss-and-damage", "type": "clause", "offset": [1072, 1087]}, {"key": "resulting-from", "type": "definition", "offset": [1088, 1102]}, {"key": "other-liabilities", "type": "clause", "offset": [1192, 1209]}, {"key": "in-connection-with", "type": "clause", "offset": [1221, 1239]}, {"key": "fully-paid", "type": "clause", "offset": [1263, 1273]}, {"key": "by-the-owner", "type": "clause", "offset": [1289, 1301]}, {"key": "provided-however", "type": "clause", "offset": [1303, 1319]}, {"key": "in-the-case", "type": "clause", "offset": [1409, 1420]}, {"key": "consent-in-writing", "type": "definition", "offset": [1464, 1482]}, {"key": "payment-on-account", "type": "definition", "offset": [1506, 1524]}, {"key": "in-the-course-of", "type": "definition", "offset": [1536, 1552]}, {"key": "subject-to", "type": "clause", "offset": [1728, 1738]}, {"key": "this-clause", "type": "clause", "offset": [1758, 1769]}, {"key": "under-clause", "type": "clause", "offset": [1966, 1978]}], "snippet": "unless and until a Default shall occur (whereupon all insurance recoveries, other than any moneys payable under any loss of earnings insurance, shall be receivable by the Mortgagee and applied in accordance with clause 2.3 or clause 2.6 (as the case may be)):\n(a) any moneys payable under the Insurances, other than any moneys payable under any loss of earnings insurance, shall be payable in accordance with the terms of the relevant Loss Payable Clause and the Mortgagee will not in the meantime give any notification to the contrary to the insurers as contemplated by the Loss Payable Clauses;\n(b) any insurance moneys received by the Mortgagee in respect of any major casualty (as specified in the relevant Loss Payable Clause) shall, unless prior to receipt or whilst such moneys are in the hands of the Mortgagee there shall have occurred a Default (whereupon such insurance monies shall be applied in accordance with clause 2.3 or clause 2.6 (as the case may be)), be paid over to the Owner upon the Owner furnishing evidence satisfactory to the Mortgagee that all loss and damage resulting from such casualty has been properly made good and repaired, and that all repair accounts and other liabilities whatsoever in connection with the casualty have been fully paid and discharged by the Owner, provided however that the insurers with whom the fire and usual marine risks insurances are effected may, in the case of a major casualty, and with the previous consent in writing of the Mortgagee, make payment on account of repairs in the course of being effected; and\n(c) any moneys payable under any loss of earnings insurance shall be payable in accordance with the terms of the relevant Loss Payable Clause and shall be subject to such provisions of this clause 2 as shall apply to Earnings and the Mortgagee will not give any notification to the insurers as contemplated in such Loss Payable Clause unless and until the Mortgagee shall have become entitled under clause 2.1.1 to direct that the Earnings be paid to the Mortgagee.", "hash": "8311ee8c7e533bde9fdb2d774cc16f5b", "id": 5}, {"size": 38, "samples": [{"hash": "lT1RaZT8aFZ", "uri": "/contracts/lT1RaZT8aFZ#insurances", "label": "Framework Agreement", "score": 28.5889987946, "published": true}, {"hash": "lOxFV6tcuQB", "uri": "/contracts/lOxFV6tcuQB#insurances", "label": "Framework Agreement", "score": 28.5889987946, "published": true}, {"hash": "l55bv6qnZxo", "uri": "/contracts/l55bv6qnZxo#insurances", "label": "Framework Agreement", "score": 28.5889987946, "published": true}], "snippet_links": [{"key": "the-service-provider-must", "type": "clause", "offset": [6, 31]}, {"key": "insurance-company", "type": "definition", "offset": [69, 86]}, {"key": "public-liability-insurance", "type": "definition", "offset": [96, 122]}, {"key": "sum-of", "type": "clause", "offset": [130, 136]}, {"key": "professional-indemnity-insurance", "type": "clause", "offset": [170, 202]}, {"key": "in-accordance-with", "type": "clause", "offset": [286, 304]}, {"key": "legal-obligation", "type": "clause", "offset": [309, 325]}, {"key": "in-force", "type": "definition", "offset": [345, 353]}, {"key": "the-duration-of-the-contract", "type": "clause", "offset": [399, 427]}, {"key": "following-the", "type": "definition", "offset": [457, 470]}, {"key": "termination-of-the-contract", "type": "clause", "offset": [481, 508]}, {"key": "the-purchaser", "type": "definition", "offset": [547, 560]}, {"key": "on-request", "type": "clause", "offset": [562, 572]}, {"key": "all-insurance-policies", "type": "clause", "offset": [584, 606]}, {"key": "in-this-clause", "type": "clause", "offset": [619, 633]}, {"key": "verification-of-insurance", "type": "clause", "offset": [648, 673]}, {"key": "in-place", "type": "definition", "offset": [719, 727]}, {"key": "payment-of-the", "type": "clause", "offset": [773, 787]}], "snippet": "51.1. The Service Provider must effect and maintain with a reputable insurance company:\n51.1.1. public liability insurance in the sum of not less than \u00a32,000,000\n51.1.2. professional indemnity insurance in the sum of not less than \u00a32,000,000; and\n51.1.3. employer\u2019s liability insurance in accordance with any legal obligation for the time being in force.\n51.2. Such insurance must be maintained for the duration of the Contract and for a minimum of 5 years following the expiry or termination of the Contract.\n51.3. The Service Provider must give the Purchaser, on request, copies of all insurance policies referred to in this clause or a broker\u2019s verification of insurance to demonstrate that the appropriate cover is in place, together with receipts or other evidence of payment of the latest premiums due under those policies.", "hash": "9b3ce8170bfeb6dbe16538d52752fcc4", "id": 6}, {"size": 34, "samples": [{"hash": "ijeFusBujxc", "uri": "/contracts/ijeFusBujxc#insurances", "label": "Loan Agreement (NCL CORP Ltd.)", "score": 35.1574249268, "published": true}, {"hash": "hot1sXJDbYc", "uri": "/contracts/hot1sXJDbYc#insurances", "label": "Loan Agreement (NCL CORP Ltd.)", "score": 35.1574249268, "published": true}, {"hash": "ef3ouWdeWbA", "uri": "/contracts/ef3ouWdeWbA#insurances", "label": "Loan Agreement (NCL CORP Ltd.)", "score": 35.1574249268, "published": true}], "snippet_links": [{"key": "borrower-shall", "type": "clause", "offset": [0, 14]}, {"key": "to-insure", "type": "clause", "offset": [27, 36]}, {"key": "the-vessel", "type": "clause", "offset": [37, 47]}, {"key": "agreement-or", "type": "definition", "offset": [80, 92]}, {"key": "failed-to-renew", "type": "definition", "offset": [93, 108]}, {"key": "required-insurance", "type": "clause", "offset": [113, 131]}, {"key": "prior-to-the", "type": "clause", "offset": [158, 170]}, {"key": "date-of-expiry", "type": "clause", "offset": [171, 185]}, {"key": "requested-by", "type": "clause", "offset": [202, 214]}, {"key": "the-facility-agent", "type": "definition", "offset": [215, 233]}, {"key": "confirmation-of", "type": "clause", "offset": [250, 265]}, {"key": "to-the-facility", "type": "definition", "offset": [279, 294]}], "snippet": "Borrower shall have failed to insure the Vessel in the manner specified in this Agreement or failed to renew the Required Insurance at least 10 Business Days prior to the date of expiry thereof and, if requested by the Facility Agent, produce prompt confirmation of such renewal to the Facility Agent; or", "hash": "2b2304f4b163f10ac1655866ee1fbfff", "id": 7}, {"size": 33, "samples": [{"hash": "h239grCVKK0", "uri": "/contracts/h239grCVKK0#insurances", "label": "Fifth Supplemental Deed (NCL CORP Ltd.)", "score": 20.3942508698, "published": true}, {"hash": "d3OQ27xYJSV", "uri": "/contracts/d3OQ27xYJSV#insurances", "label": "Fifth Supplemental Deed (NCL CORP Ltd.)", "score": 20.1478443146, "published": true}, {"hash": "6EUblTm9drm", "uri": "/contracts/6EUblTm9drm#insurances", "label": "Secured Loan Agreement (NCL CORP Ltd.)", "score": 20.0, "published": true}], "snippet_links": [{"key": "borrower-covenants", "type": "clause", "offset": [4, 22]}, {"key": "the-agent-and-the-lenders", "type": "clause", "offset": [28, 53]}, {"key": "during-the-construction-period", "type": "clause", "offset": [78, 108]}, {"key": "vessel-is-insured", "type": "clause", "offset": [129, 146]}, {"key": "in-accordance-with", "type": "clause", "offset": [147, 165]}, {"key": "building-contract", "type": "clause", "offset": [170, 187]}, {"key": "to-give-notice", "type": "clause", "offset": [189, 203]}, {"key": "of-the-borrower", "type": "clause", "offset": [232, 247]}, {"key": "pursuant-to-the", "type": "clause", "offset": [277, 292]}, {"key": "assignment-to", "type": "clause", "offset": [322, 335]}, {"key": "the-relevant", "type": "clause", "offset": [336, 348]}, {"key": "approved-by", "type": "definition", "offset": [411, 422]}, {"key": "letter-of-undertaking", "type": "definition", "offset": [509, 530]}, {"key": "required-by", "type": "definition", "offset": [554, 565]}, {"key": "in-relation-to", "type": "clause", "offset": [616, 630]}, {"key": "delivery-date", "type": "definition", "offset": [685, 698]}, {"key": "security-period", "type": "definition", "offset": [720, 735]}, {"key": "to-insure", "type": "clause", "offset": [736, 745]}, {"key": "agreed-value", "type": "clause", "offset": [803, 815]}, {"key": "per-cent", "type": "definition", "offset": [941, 949]}, {"key": "amount-of-the-loan", "type": "definition", "offset": [964, 982]}, {"key": "commercial-value", "type": "definition", "offset": [1011, 1027]}, {"key": "from-time-to-time", "type": "clause", "offset": [1085, 1102]}, {"key": "first-class", "type": "definition", "offset": [1150, 1161]}, {"key": "insurance-companies", "type": "definition", "offset": [1162, 1181]}, {"key": "war-risks", "type": "clause", "offset": [1197, 1206]}, {"key": "terms-and-conditions", "type": "definition", "offset": [1293, 1313]}, {"key": "in-respect-of", "type": "clause", "offset": [1377, 1390]}, {"key": "all-risks", "type": "definition", "offset": [1419, 1428]}, {"key": "covered-by", "type": "definition", "offset": [1453, 1463]}, {"key": "applicable-to", "type": "definition", "offset": [1623, 1636]}, {"key": "insured-amount", "type": "definition", "offset": [1720, 1734]}, {"key": "claims-for", "type": "clause", "offset": [1788, 1798]}, {"key": "salvage-charges", "type": "definition", "offset": [1819, 1834]}, {"key": "the-value", "type": "clause", "offset": [1903, 1912]}, {"key": "for-the-purpose-of", "type": "definition", "offset": [1945, 1963]}, {"key": "insured-value", "type": "definition", "offset": [1990, 2003]}, {"key": "protection-and-indemnity-risks", "type": "clause", "offset": [2010, 2040]}, {"key": "standard-coverage", "type": "clause", "offset": [2051, 2068]}, {"key": "limit-of-liability", "type": "definition", "offset": [2091, 2109]}, {"key": "currently-available", "type": "clause", "offset": [2162, 2181]}, {"key": "requested-by", "type": "clause", "offset": [2252, 2264]}, {"key": "the-standard", "type": "clause", "offset": [2323, 2335]}, {"key": "indemnity-cover", "type": "definition", "offset": [2351, 2366]}, {"key": "in-lieu-of", "type": "clause", "offset": [2644, 2654]}, {"key": "hull-insurance", "type": "definition", "offset": [2655, 2669]}, {"key": "other-risks", "type": "definition", "offset": [2700, 2711]}, {"key": "the-agent-may", "type": "clause", "offset": [2715, 2728]}, {"key": "provided-that", "type": "definition", "offset": [2948, 2961]}, {"key": "any-other-person", "type": "definition", "offset": [3021, 3037]}, {"key": "hermes-agent", "type": "definition", "offset": [3079, 3091]}, {"key": "priority-assignment", "type": "clause", "offset": [3187, 3206]}, {"key": "in-favour-of", "type": "definition", "offset": [3242, 3254]}, {"key": "similar-terms", "type": "clause", "offset": [3270, 3283]}, {"key": "mutatis-mutandis", "type": "clause", "offset": [3284, 3300]}, {"key": "the-insurance", "type": "clause", "offset": [3304, 3317]}, {"key": "mortgagee-interest", "type": "clause", "offset": [3384, 3402]}, {"key": "insurance-for", "type": "clause", "offset": [3498, 3511]}, {"key": "no-interest", "type": "clause", "offset": [3672, 3683]}, {"key": "the-borrower-shall", "type": "clause", "offset": [3728, 3746]}, {"key": "upon-demand", "type": "clause", "offset": [3747, 3758]}, {"key": "costs-of", "type": "definition", "offset": [3814, 3822]}, {"key": "reasonable-endeavours", "type": "definition", "offset": [3924, 3945]}, {"key": "satisfaction-of", "type": "clause", "offset": [4108, 4123]}, {"key": "the-united-states-of-america", "type": "clause", "offset": [4180, 4208]}, {"key": "exclusive-economic-zone-of-the-united-states", "type": "definition", "offset": [4220, 4264]}, {"key": "oil-pollution-act-1990", "type": "definition", "offset": [4322, 4344]}, {"key": "the-requirements", "type": "clause", "offset": [4378, 4394]}, {"key": "any-jurisdiction", "type": "definition", "offset": [4472, 4488]}, {"key": "at-any-time", "type": "clause", "offset": [4547, 4558]}, {"key": "this-agreement", "type": "clause", "offset": [4583, 4597]}, {"key": "in-particular", "type": "clause", "offset": [4602, 4615]}, {"key": "period-during-which", "type": "clause", "offset": [4669, 4688]}, {"key": "to-pay", "type": "clause", "offset": [4719, 4725]}, {"key": "additional-premiums", "type": "definition", "offset": [4730, 4749]}, {"key": "to-maintain", "type": "clause", "offset": [4759, 4770]}, {"key": "available-to", "type": "definition", "offset": [4836, 4848]}, {"key": "the-market", "type": "definition", "offset": [4870, 4880]}, {"key": "voyage-declarations", "type": "clause", "offset": [4922, 4941]}, {"key": "all-obligations", "type": "clause", "offset": [5051, 5066]}, {"key": "in-order-to", "type": "clause", "offset": [5067, 5078]}, {"key": "deliver-to", "type": "definition", "offset": [5116, 5126]}, {"key": "to-submit", "type": "definition", "offset": [5170, 5179]}, {"key": "other-surveys", "type": "clause", "offset": [5250, 5263]}, {"key": "copies-of-reports", "type": "clause", "offset": [5406, 5423]}, {"key": "contained-in", "type": "definition", "offset": [5494, 5506]}, {"key": "the-reports", "type": "clause", "offset": [5507, 5518]}, {"key": "the-surveys", "type": "clause", "offset": [5536, 5547]}, {"key": "in-clause", "type": "clause", "offset": [5560, 5569]}, {"key": "time-limit", "type": "definition", "offset": [5592, 5602]}, {"key": "to-provide", "type": "definition", "offset": [5625, 5635]}, {"key": "comply-with-the", "type": "clause", "offset": [5783, 5798]}, {"key": "applicable-law", "type": "clause", "offset": [5819, 5833]}, {"key": "with-regard-to", "type": "clause", "offset": [5881, 5895]}, {"key": "responsibility-for-liabilities", "type": "clause", "offset": [5906, 5936]}, {"key": "with-respect-to", "type": "clause", "offset": [5975, 5990]}, {"key": "any-state", "type": "definition", "offset": [6004, 6013]}, {"key": "political-subdivision", "type": "definition", "offset": [6027, 6048]}, {"key": "not-limited", "type": "clause", "offset": [6072, 6083]}, {"key": "provide-the-agent", "type": "clause", "offset": [6099, 6116]}, {"key": "such-information", "type": "definition", "offset": [6132, 6148]}, {"key": "waters-of-the-united-states", "type": "definition", "offset": [6331, 6358]}, {"key": "other-provision", "type": "clause", "offset": [6389, 6404]}, {"key": "relevant-authorities", "type": "definition", "offset": [6585, 6605]}, {"key": "at-all-times", "type": "definition", "offset": [6624, 6636]}, {"key": "the-provisions", "type": "clause", "offset": [6661, 6675]}, {"key": "strict-liability", "type": "definition", "offset": [6688, 6704]}, {"key": "execute-and-deliver", "type": "clause", "offset": [6944, 6963]}, {"key": "to-confer", "type": "definition", "offset": [7026, 7035]}, {"key": "upon-the-trustee", "type": "definition", "offset": [7036, 7052]}, {"key": "title-to-the", "type": "clause", "offset": [7059, 7071]}, {"key": "policies-and-certificates", "type": "clause", "offset": [7207, 7232]}, {"key": "loss-payable-clause", "type": "clause", "offset": [7268, 7287]}, {"key": "the-agent-shall", "type": "clause", "offset": [7312, 7327]}, {"key": "machinery-and-equipment", "type": "clause", "offset": [7356, 7379]}, {"key": "sums-payable", "type": "clause", "offset": [7941, 7953]}, {"key": "relevant-receipts", "type": "clause", "offset": [8016, 8033]}, {"key": "notice-to-the-agent", "type": "clause", "offset": [8190, 8209]}, {"key": "in-writing", "type": "definition", "offset": [8306, 8316]}, {"key": "by-the-borrower", "type": "clause", "offset": [8380, 8395]}, {"key": "failure-to-renew", "type": "clause", "offset": [8405, 8421]}, {"key": "an-event-of-default", "type": "definition", "offset": [8576, 8595]}, {"key": "arrange-for", "type": "clause", "offset": [8609, 8620]}, {"key": "the-execution", "type": "clause", "offset": [8621, 8634]}, {"key": "agent-from", "type": "definition", "offset": [8777, 8787]}, {"key": "on-request", "type": "clause", "offset": [8801, 8811]}, {"key": "full-information", "type": "clause", "offset": [8817, 8833]}, {"key": "names-of", "type": "clause", "offset": [8888, 8896]}, {"key": "agree-to", "type": "clause", "offset": [9012, 9020]}, {"key": "terms-of", "type": "clause", "offset": [9042, 9050]}, {"key": "approval-of", "type": "definition", "offset": [9105, 9116]}, {"key": "engage-in-any", "type": "definition", "offset": [9348, 9361]}, {"key": "not-permitted", "type": "clause", "offset": [9392, 9405]}, {"key": "complying-with", "type": "clause", "offset": [9514, 9528]}, {"key": "requirements-as-to", "type": "clause", "offset": [9534, 9552]}, {"key": "payment-of", "type": "definition", "offset": [9553, 9563]}, {"key": "consent-of-the-agent", "type": "clause", "offset": [9673, 9693]}, {"key": "other-currency", "type": "definition", "offset": [9880, 9894]}, {"key": "arising-out-of", "type": "definition", "offset": [9917, 9931]}, {"key": "total-loss", "type": "definition", "offset": [9934, 9944]}, {"key": "information-regarding", "type": "clause", "offset": [9995, 10016]}, {"key": "damage-to-the-vessel", "type": "clause", "offset": [10054, 10074]}, {"key": "to-apply", "type": "clause", "offset": [10162, 10170]}, {"key": "the-appliance", "type": "definition", "offset": [10181, 10194]}, {"key": "making-good", "type": "clause", "offset": [10285, 10296]}, {"key": "insurance-monies", "type": "definition", "offset": [10360, 10376]}, {"key": "in-the-event-of", "type": "definition", "offset": [10417, 10432]}, {"key": "default-in-insuring", "type": "clause", "offset": [10443, 10462]}, {"key": "in-its-discretion", "type": "clause", "offset": [10651, 10668]}, {"key": "cost-of", "type": "definition", "offset": [10705, 10712]}, {"key": "with-interest", "type": "definition", "offset": [10763, 10776]}, {"key": "the-interest-rate", "type": "clause", "offset": [10788, 10805]}, {"key": "in-the-case", "type": "clause", "offset": [11017, 11028]}, {"key": "first-drawdown-date", "type": "definition", "offset": [11038, 11057]}, {"key": "date-of", "type": "clause", "offset": [11074, 11081]}, {"key": "insurances-to-be", "type": "clause", "offset": [11086, 11102]}, {"key": "to-the-trustee", "type": "clause", "offset": [11112, 11126]}, {"key": "assignment-or", "type": "clause", "offset": [11172, 11185]}, {"key": "insurance-advisers", "type": "clause", "offset": [11379, 11397]}, {"key": "concerning-the", "type": "clause", "offset": [11474, 11488]}, {"key": "sole-discretion", "type": "definition", "offset": [11529, 11544]}, {"key": "agreed-that", "type": "clause", "offset": [11590, 11601]}, {"key": "expenses-incurred-by-the-agent", "type": "clause", "offset": [11670, 11700]}, {"key": "in-connection-with", "type": "clause", "offset": [11701, 11719]}], "snippet": "The Borrower covenants with the Agent and the Lenders and undertakes:\n10.21.1 during the Construction Period to procure that the Vessel is insured in accordance with the Building Contract, to give notice forthwith of the assignment of the Borrower\u2019s interest in the Insurances pursuant to the Construction Risks Insurance Assignment to the relevant brokers, insurances companies and/or underwriters in the form approved by the Agent and to procure that each of the relevant brokers furnishes the Agent with a letter of undertaking in such form as may be required by the Agent and waives any lien for premiums except in relation to premiums attributable to the Vessel;\n10.21.2 from the Delivery Date until the end of the Security Period to insure the Vessel in its name and keep the Vessel insured on an agreed value basis for an amount in Dollars approved by the Agent but not being less than the greater of:\n(a) one hundred and twenty five per cent (125%) of the amount of the Loan; or\n(b) the full market and commercial value of the Vessel determined in accordance with Clause 10.18 from time to time through internationally recognised independent first class insurance companies, underwriters, war risks and protection and indemnity associations acceptable to the Agent in each instance on terms and conditions approved by the Agent including as to deductibles but at least in respect of:\n(i) marine risks including all risks customarily and usually covered by first-class and prudent shipowners in the London insurance markets under English marine policies or Agent-approved policies containing the ordinary conditions applicable to similar vessels;\n(ii) war risks and war risks (protection and indemnity) up to the insured amount;\n(iii) excess risks that is to say the proportion of claims for general average and salvage charges and under the running down clause not recoverable in consequence of the value at which the Vessel is assessed for the purpose of such claims exceeding the insured value;\n(iv) protection and indemnity risks with full standard coverage and up to the highest limit of liability available (for oil pollution risk the highest limit currently available is one billion Dollars (USD1,000,000,000) and this to be increased if requested by the Agent and the increase is possible in accordance with the standard protection and indemnity cover for vessels of its type and is compatible with prudent insurance practice for first class cruise shipowners or operators in waters where the Vessel trades from time to time from the Delivery Date until the end of the Security Period);\n(v) when and while the Vessel is laid-up, in lieu of hull insurance, normal port risks;\n(vi) such other risks as the Agent may from time to time reasonably require; and in any event in respect of those risks and at those levels covered by first class and prudent owners and/or financiers in the international market in respect of similar tonnage PROVIDED THAT if any of such insurances are also effected in the name of any other person (other than the Borrower, the Agent, the Hermes Agent, the Trustee and/or the Lenders) such person shall if so required by the Agent execute a first priority assignment of its interest in such insurances in favour of the Trustee in similar terms mutatis mutandis to the Insurance Assignment;\n10.21.3 to agree that the Hermes Agent shall take out mortgagee interest insurance on such conditions as the Hermes Agent may reasonably require and mortgagee interest insurance for pollution risks as from time to time agreed each for an amount in Dollars of one hundred and ten per cent (110%) of the amount of the Loan, the Borrower having no interest or entitlement in respect of such policies; the Borrower shall upon demand of the Hermes Agent reimburse the Hermes Agent for the costs of effecting and/or maintaining any such insurance(s) and the Hermes Agent hereby undertakes to use its reasonable endeavours to match the premium level that the Borrower would have paid if the Borrower itself had arranged such cover on such conditions (as demonstrated to the reasonable satisfaction of the Hermes Agent);\n10.21.4 if the Vessel shall trade in the United States of America and/or the Exclusive Economic Zone of the United States of America (the \u201cEEZ\u201d) as such term is defined in the US Oil Pollution Act 1990 (\u201cOPA\u201d), to comply strictly with the requirements of OPA and any similar legislation which may from time to time be enacted in any jurisdiction in which the Vessel presently trades or may or will trade at any time during the existence of this Agreement and in particular before such trade is commenced and during the entire period during which such trade is carried on:\n(a) to pay any additional premiums required to maintain protection and indemnity cover for oil pollution up to the limit available to it for the Vessel in the market;\n(b) to make all such quarterly or other voyage declarations as may from time to time be required by the Vessel\u2019s protection and indemnity association and to comply with all obligations in order to maintain such cover, and promptly to deliver to the Agent copies of such declarations;\n(c) to submit the Vessel to such additional periodic, classification, structural or other surveys which may be required by the Vessel\u2019s protection and indemnity insurers to maintain cover for such trade and promptly to deliver to the Agent copies of reports made in respect of such surveys;\n(d) to implement any recommendations contained in the reports issued following the surveys referred to in Clause 10.21.4(c) within the time limit specified therein and to provide evidence satisfactory to the Agent that the protection and indemnity insurers are satisfied that this has been done;\n(e) in particular strictly to comply with the requirements of any applicable law, convention, regulation, proclamation or order with regard to financial responsibility for liabilities imposed on the Borrower or the Vessel with respect to pollution by any state or nation or political subdivision thereof, including but not limited to OPA, and to provide the Agent on demand with such information or evidence as it may reasonably require of such compliance;\n(f) to procure that the protection and indemnity insurances do not contain a clause excluding the Vessel from trading in waters of the United States of America and the EEZ or any other provision analogous thereto and to provide the Agent with evidence that this is so; and\n(g) strictly to comply with any operational or structural regulations issued from time to time by any relevant authorities under OPA so that at all times the Vessel falls within the provisions which limit strict liability under OPA for oil pollution;\n10.21.5 to give notice forthwith of any assignment of its interest in the Insurances to the relevant brokers, insurance companies, underwriters and/or associations in the form approved by the Agent;\n10.21.6 to execute and deliver all such documents and do all such things as may be necessary to confer upon the Trustee legal title to the Insurances in respect of the Vessel and to procure that the interest of the Trustee is at all times filed with all slips, cover notes, policies and certificates of entry and to procure (a) that a loss payable clause in the form approved by the Agent shall be filed with all the hull, machinery and equipment and war risks policies in respect of the Vessel and (b) that a loss payable clause in the form approved by the Agent shall be endorsed upon the protection and indemnity certificates of entry in respect of the Vessel;\n10.21.7 to procure that each of the relevant brokers and associations furnishes the Agent with a letter of undertaking in such form as may be required by the Agent and waives any lien for premiums or calls except in relation to premiums or calls attributable to the Vessel;\n10.21.8 punctually to pay all premiums, calls, contributions or other sums payable in respect of the Insurances on the Vessel and to produce all relevant receipts when so required by the Agent;\n10.21.9 to renew each of the Insurances on the Vessel at least ten (10) days before the expiry thereof and to give immediate notice to the Agent of such renewal and to procure that the relevant brokers or associations shall promptly confirm in writing to the Agent that such renewal is effected it being understood by the Borrower that any failure to renew the Insurances on the Vessel at least ten (10) days before the expiry thereof or to give or procure the relevant notices of such renewal shall constitute an Event of Default;\n10.21.10 to arrange for the execution of such guarantees as may from time to time be required by any protection and indemnity and/or war risks association;\n10.21.11 to furnish the Agent from time to time on request with full information about all Insurances maintained on the Vessel and the names of the offices, companies, underwriters, associations or clubs with which such Insurances are placed;\n10.21.12 not to agree to any variation in the terms of any of the Insurances on the Vessel without the prior approval of the Agent nor to do any act or voluntarily suffer or permit any act to be done whereby any Insurances shall or may be rendered invalid, void, voidable, suspended, defeated or unenforceable and not to suffer or permit the Vessel to engage in any voyage nor to carry any cargo not permitted under any of the Insurances without first obtaining the consent of the insurers or reinsurers concerned and complying with such requirements as to payment of extra premiums or otherwise as the insurers or reinsurers may impose;\n10.21.13 not without the prior written consent of the Agent to settle, compromise or abandon any claim in respect of any of the Insurances on the Vessel other than a claim of less than ten million Dollars (USD10,000,000) or the equivalent in any other currency and not being a claim arising out of a Total Loss.\n10.21.14 promptly to furnish the Agent with full information regarding any casualties or other accidents or damage to the Vessel involving an amount in excess of twenty five million Dollars (USD25,000,000).\n10.21.15 to apply or ensure the appliance of all such sums receivable in respect of the Insurances on the Vessel for the purpose of making good the loss and fully repairing all damage in respect whereof the insurance monies shall have been received;\n10.21.16 that in the event of it making default in insuring and keeping insured the Vessel as hereinbefore provided then the Agent may (but shall not be bound to) insure the Vessel or enter the Vessel in such manner and to such extent as the Agent in its discretion thinks fit and in such case all the cost of effecting and maintaining such insurance together with interest thereon at the Interest Rate shall be paid on demand by the Borrower to the Agent; and\n10.21.17 to agree that the Agent shall be entitled from time to time (but at intervals no more frequently than annually at the Borrower\u2019s expense except in the case that the First Drawdown Date and any renewal date of the Insurances to be assigned to the Trustee pursuant to the Construction Risks Insurance Assignment or the Delivery Date and any renewal of the Insurances to be assigned to the Trustee pursuant to the Insurance Assignment fall within one (1) year of each other) to instruct independent reputable insurance advisers for the purpose of obtaining any advice or information regarding any matter concerning the Insurances which the Agent shall at its sole discretion deem necessary, it being hereby specifically agreed that it shall reimburse the Agent on demand for all reasonable costs and expenses incurred by the Agent in connection with the instruction of such advisers as aforesaid.", "hash": "49758fd3e61e7a6bba76c081ffc507f9", "id": 8}], "next_curs": "ClMSTWoVc35sYXdpbnNpZGVyY29udHJhY3Rzci8LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhNpbnN1cmFuY2VzIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"size": 4532, "parents": [["governing-law-and-jurisdiction", "Governing Law and Jurisdiction"], ["events-of-default", "Events of Default"], ["undertakings", "Undertakings"], ["insurance-requirements", "Insurance Requirements"], ["billing-method", "Billing Method"]], "children": [["application-of-insurance-proceeds", "Application of Insurance Proceeds"], ["insurance", "Insurance"], ["", ""], ["dental-insurance", "Dental Insurance"], ["life-insurance", "Life Insurance"]], "title": "Insurances", "id": "insurances", "related": [["other-insurances", "Other Insurances", "Other <strong>Insurances</strong>"], ["insurance", "Insurance", "Insurance"], ["group-insurance", "Group Insurance", "Group Insurance"], ["insurance-policy", "Insurance Policy", "Insurance Policy"], ["insurance-policies", "Insurance Policies", "Insurance Policies"]], "related_snippets": [], "updated": "2026-05-16T05:47:53+00:00"}, "json": true, "cursor": ""}}