Transportation Insurance. “All Risk” Insurance covering the full replacement cost of all supplies, equipment and materials to be incorporated into the Work while in the course of transit, including the land portion of any ocean or air shipments, and until arrival at the final local Work Sites. Such transit insurance shall include coverage against the perils of war, strikes, riots and civil commotion and shall insure all general average and salvage charges for which named insureds are responsible. Such insurance shall have a deductible of Fifty Thousand United States Dollars (U.S. $50,000) per loss.
Appears in 5 contracts
Samples: Construction Agreement (Cheniere Energy Inc), Construction Agreement (Cheniere Energy Inc), Agreement (Cheniere Energy Inc)
