Common use of Transit and Installation Clause in Contracts

Transit and Installation. Contractor shall maintain transit and installation insurance covering all worldwide air, land and water shipments, and installation of plant, equipment, machinery, components, supplies and materials, and shall include loading and unloading if Work conducted by Contractor or any Subcontractor, and offsite storage, if applicable. Coverage shall attach at Contractor’s point of shipment and continue until installed, constructed or rigged by Contractor or its Subcontractors in conjunction with this Work. Transit insurance shall be provided on an all risk basis to include direct physical loss or damage, including but not limited to loss caused by war, terrorism, strike, riot and civil commotion, and fabrication/repairs. Losses resulting from damage during transit shall be provided to cover full replacement cost of the plant, equipment, machinery, components, supplies and materials being shipped and provide valuation of not less than CIF plus 10%. Installation insurance shall be provided on an all risk basis with normal and customary exclusions and will include coverage for mechanical breakdown, testing and commissioning and resulting damage to the Work from faulty design, workmanship and materials on a full replacement cost basis of this property while located at any one location at any one time, and shall protect against loss while property is in the care, custody or control of Contractor or its Subcontractors. Deductibles shall not be greater than $100,000 for any loss. Contractor shall have obtained such transit or installation coverage on or prior to the date on which the exposure to the risk arises. Owner will be named loss payee or additional named insured for its interest in the covered property. Owner does not represent that the insurance coverages specified herein (whether in scope of coverage or amounts of coverage) are adequate to protect the obligations of Contractor, and Contractor shall be solely responsible for any deficiencies thereof. Except for workers’ compensation, the policies required herein shall include provisions or endorsements naming Owner, its parent, divisions, affiliates, subsidiary companies, co-lessees, co-venturers, officers, directors, agents, employees, servants and insurers as additional insureds. The Commercial General Liability additional insured endorsement shall be ISO Form CG 20 10 or its equivalent. To the extent of Contractor’s negligent acts or omissions, all policies required by this Contract shall include: (i) provisions that such insurance is primary insurance with respect to the interests of Owner and that any other insurance maintained by Owner is excess and not contributory insurance with the insurance required hereunder, (ii) provisions that the policy contain a cross liability or severability of interest clause or endorsement in the commercial general liability and automobile liability coverage; and (iii) provisions that such policies not be canceled or their limits of liability reduced without: (a) ten (10) calendar days prior written Notice to Owner if canceled for nonpayment of premium; or (b) thirty (30) calendar days prior written Notice to Owner if canceled for any other reason. Unless prohibited by applicable law, all required insurance policies shall contain provisions that the insurer will have no right of recovery or subrogation against the Owner, its parent, divisions, affiliates, subsidiary companies, co-lessees, or co-venturers, agents, directors, officers, employees, servants, and insurers, it being the intention of the Parties that the insurance as effected shall protect all of the above-referenced entities evidenced by waiver of subrogation wording. A certificate of insurance shall be furnished to Owner confirming the issuance of such insurance prior to commencement of Work by Contractor. Should a loss arise during the term of the Contract that may give rise to a claim against Contractor and/or the Owner as an additional insured, Contractor shall deliver to the Owner (or cause to be delivered to the Owner) certified copies of such insurance policies. Contractor shall require Subcontractors who perform Work at the Work Site to carry liability insurance (auto, commercial general liability and excess) and workers' compensation/employer's liability insurance commensurate with their respective scopes of work. Contractor shall remain responsible for any claims, lawsuits, losses and expenses included defense costs that exceed any of its Subcontractors’ insurance limits or for uninsured claims or losses.

Transit and Installation. Contractor Consultant shall maintain transit and installation insurance covering all worldwide air, land and water shipments, and installation of plant, equipment, machinery, components, supplies and materials, and shall include loading and unloading if Work conducted by Contractor Consultant or any Subcontractor, and offsite storage, if applicable. Coverage shall attach at ContractorConsultant’s point of shipment and continue until installed, constructed or rigged by Contractor Consultant or its Subcontractors in conjunction with this Work. Transit insurance shall be provided on an all risk basis to include direct physical loss or damage, including but not limited to loss caused by war, terrorism, strike, riot and civil commotion, and fabrication/repairs. Losses resulting from damage during transit shall be provided to cover full replacement cost of the plant, equipment, machinery, components, supplies and materials being shipped and provide valuation of not less than CIF plus 10%. Installation insurance shall be provided on an all risk basis with normal and customary exclusions and will include coverage for mechanical breakdown, testing and commissioning and resulting damage to the Work from faulty design, workmanship and materials on a full replacement cost basis of this property while located at any one location at any one time, and shall protect against loss while property is in the care, custody or control of Contractor Consultant or its Subcontractors. Deductibles shall not be greater than $100,000 for any loss. Contractor Consultant shall have obtained such transit or installation coverage on or prior to the date on which the exposure to the risk arises. Owner Company will be named loss payee or additional named insured for its interest in the covered property. Owner Company does not represent that the insurance coverages specified herein (whether in scope of coverage or amounts of coverage) are adequate to protect the obligations of ContractorConsultant, and Contractor Consultant shall be solely responsible for any deficiencies thereof. Except for workers’ compensationcompensation and professional liability insurance, the policies required herein shall include provisions or endorsements naming OwnerCompany, its parent, divisions, affiliates, subsidiary companies, co-lessees, co-venturers, officers, directors, agents, employees, servants and insurers as additional insureds. The Commercial General Liability additional insured endorsement shall be ISO Form CG 20 10 or its equivalent. To the extent of ContractorConsultant’s negligent acts or omissions, all policies required by this Contract shall include: (i) provisions that such insurance is primary insurance with respect to the interests of Owner Company and that any other insurance maintained by Owner Company is excess and not contributory insurance with the insurance required hereunder, (ii) provisions that the policy contain a cross liability or severability of interest clause or endorsement in the commercial general liability and automobile liability coverage; and (iii) provisions that such policies not be canceled or their limits of liability reduced without: (a) ten (10) calendar days prior written Notice to Owner Company if canceled for nonpayment of premium; or (b) thirty (30) calendar days prior written Notice to Owner Company if canceled for any other reason. Unless prohibited by applicable law, all required insurance policies (except professional liability) shall contain provisions that the insurer will have no right of recovery or subrogation against the OwnerCompany, its parent, divisions, affiliates, subsidiary companies, co-lessees, or co-venturers, agents, directors, officers, employees, servants, and insurers, it being the intention of the Parties that the insurance as effected shall protect all of the above-referenced entities evidenced by waiver of subrogation wording. A certificate of insurance shall be furnished to Owner Company confirming the issuance of such insurance prior to commencement of Work by ContractorConsultant. Should a loss arise during the term of the Contract that may give rise to a claim against Contractor Consultant and/or the Owner Company as an additional insured, Contractor Consultant shall deliver to the Owner Company (or cause to be delivered to the OwnerCompany) certified copies of such insurance policies. Contractor Consultant shall require Subcontractors who perform Work at the Work Site to carry liability insurance (auto, commercial general liability and excess) and workers' compensation/employer's liability insurance commensurate with their respective scopes of work. Contractor Consultant shall remain responsible for any claims, lawsuits, losses and expenses included defense costs that exceed any of its Subcontractors’ insurance limits or for uninsured claims or losses.losses.‌