War risk Clause Samples

A War Risk clause defines the allocation of responsibility and procedures in the event that war-related dangers affect the contract or its performance. Typically, this clause outlines what constitutes a war risk, such as armed conflict, civil unrest, or acts of terrorism, and may specify how parties should respond if such risks arise, including the right to suspend or terminate obligations, reroute shipments, or adjust terms. Its core practical function is to protect parties from unforeseen liabilities and disruptions caused by war or similar hostilities, ensuring that both sides understand their rights and obligations if such risks materialize.
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War risk. A number of restrictions apply in the Netherlands during a state of war. It does not make any difference whether or not a participant/former participant or pension beneficiary is in the armed forces. We establish when a state of war begins and ends, unless the Dutch Central Bank (DNB) does so. During a state of war: - the insured amounts are reduced by 10%; - the paid-up values are reduced by the amount by which the insured amounts have been reduced; - the commutated values and transfer values are reduced in the same proportion as the paid-up values. These reductions do not apply if the participant/former participant or pension beneficiary did not remain in the Netherlands during the entire state of war but was in one or more countries not at war during this period and where no acts of war took place. The participant/former participant or pension beneficiary must demonstrate that this applies to him or her. He or she must do so within six months after the end of the state of war has been established, but by no later than the point when a pension benefit becomes claimable, or when the premium is waived or there is a transfer of accrued benefits. After the end of the state of war has been established, we will calculate whether the total reductions are higher than the amount of the additional mortality losses resulting from the state of war. If this is the case, we will arrange the following, no later than nine months after the end of the year of war in which the state of war ended: - any rebates will be reversed, either fully or partially; - any previous rebates imposed will be paid out, either fully or partially; - any rebates imposed for the future will lapse, either fully or partially. The Minister of Finance may oblige us to apply other restrictions. He can do so if the Financial Transactions (Emergencies) Act [Noodwet financieel verkeer] applies. In that case the restrictions in this section will lapse.
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War risk. LIMIT OF LIABILITY
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War risk. (A) “War risks” shall include acts of terrorism or port/facility security measures intended to address acts of war or acts of terrorism. [****] Confidential Treatment Requested 33 (B) If owing to the application of the Relevant Security Regulations or Other Security Regulations, including any measures required by any port facility or any relevant authority, any war, hostilities, warlike operations, civil war, civil commotions, safety or security threat, revolutions or the operation of international law (1) entry to any such port is considered by the Master or Owners in his or their discretion dangerous or prohibited; (2) it is considered by the Master or Owners in his or their discretion dangerous or impossible for the Vessel to reach any such port of loading or discharge; or
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War risk. BIMCO Standard War Risk Clause for Time Charters, 1993 Code Name: “CONWARTIME 2004” (A) For the purpose of this Clause, the words:
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War risk. The amounts shown in paragraph 1.
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War risk. Subject to the rights of Lessee under Section 11.10, if and to the extent that the Lessee or a Permitted Sublessee operates the Aircraft (a) on routes for which it maintains war risk, hijacking or allied perils insurance in effect with respect to other similar owned or leased aircraft in its fleet, (b) on routes (other than routes within the United States and Canada) where the custom in the industry is to carry war risk insurance, or (c) in any area of recognized hostilities, the Lessee or such Permitted Sublessee shall maintain or cause to be maintained a war risks insurance policy (hull and liability) on the Aircraft covering all of those risks that are currently enumerated in Lloyds Form AVN 48B (War, Hijacking and Other Perils Exclusion Paragraph (Aviation)) to the fullest extent possible and any additional risks that may hereafter be included therein or in any form succeeding to any of its functions in an amount with respect to hull, not less than the Stipulated Loss Value and, with respect to liability, in an amount not less than the Minimum Liability Amount. An agreement of a United States Entity backed by the full faith and credit of the United States government to insure against or indemnify for substantially the same risks to at least the same amount will satisfy any of the requirements of this Section 11.04.
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War risk. (a) The Vessel (unless the consent of the Owners be first obtained) (i) shall not be bound to proceed to any place on any voyage and shall not be used on any service which will bring her within a zone which is known to be dangerous as a result of any actual or threatened act of war, war, hostilities, war like operations revolutions civil war civil commotion or the operation of international law or of any acts of piracy or of hostility or malicious damage against this or any other Vessel or its cargo by any person party or state whatsoever (ii) shall not be exposed in any way to any risks in respect of penalties or otherwise howsoever consequent upon the impositions of sanctions by any government or governments and (iii) shall not carry any goods or equipment that may in any way expose her to any risks of seizure capture penalties or any other interference of any kind whatsoever by any belligerent or fighting power or party or by any "de jure" or "de facto" government or ruler (b) The Vessel shall have liberty to comply with any orders or direction as to departure arrival routes ports of call stoppages destinations delivery or in any other wise whatsoever given by the government of the nation under whose flag the Vessel sails or any other government or by any other person (or body) acting or purporting to act with the authority of any such government or by any committee or person having under the terms of the war risks insurance on the Vessel the right to give any such orders or directions (c) If in compliance with the provisions of this clause anything is done or is not done such shall be deemed to be a permissible deviation
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War risk. We do not pay for Treatment of any conditions arising directly or indirectly from or as a consequence of riot, strike or civil commotion, civil war, rebellion, revolution, insurrection or military or usurped power, any declared or undeclared war or the like, invasion, act of foreign enemy, hostilities or warlike operations (whether war be declared or not) and acts of terrorism committed by a person or persons acting on behalf of or in connection with any organisation.
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War risk. Any increased war risk or other insurance premiums levied after the date hereof and the cost of any bonuses or crew war payments incurred by Seller in connection with the performance of this Contract shall be includable in Direct Costs in proportion to the sum of all the bills of lading quantities of the products on board the vessel and the ▇▇▇▇ of lading quantity of Product sold to Buyer.
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Related to War risk

  • Builder’s Risk Insurance Contractor shall provide a Builder’s Risk Policy to be made payable to the Owner and Contractor, as their interests may appear. The policy amount should be equal to 100% of the Contract Sum, written on a Builder’s Risk “All Risk”, or its equivalent. The policy shall be endorsed as follows: The following may occur without diminishing, changing, altering or otherwise affecting the coverage and protection afforded the insured under this policy: (i) Furniture and equipment may be delivered to the insured premises and installed in place ready for use; and (ii) Partial or complete occupancy by Owner; and (iii) Performance of work in connection with construction operations insured by the Owner, by agents or lessees or other Contractors of the Owner or Using Agency In the event that the Contract is for renovation, addition or modification of an existing structure and Builders Risk Insurance is not available, the Owner will accept an Installation Floater Insurance Policy with the above endorsements in lieu of the Builders' Risk Insurance Policy. Such floater must insure loss to materials and equipment prior to acceptance by Owner and must be on an ALL RISK BASIS with the policy written on a specific job site.

  • Boiler and Machinery Insurance The Owner shall have the option of purchasing and maintaining boiler and machinery insurance required by the Contract Documents or by law, which shall specifically cover such insured objects during installation and until final acceptance by the Owner. If purchased this insurance shall include interests of the Owner, Contractor, Subcontractors and Sub-subcontrators in the Work.

  • Builder’s Risk additional provisions The insurance specified shall be maintained in force until final acceptance of the project by the State. (5) Umbrella Excess Liability Policies may be used in conjunction with primary policies to comply with any of the limit requirements specified above. (6) Claims-made" coverage forms are not acceptable without the express written prior consent of the State. Each policy furnished shall contain a rider or non-cancellation clause reading in substance as follows: Anything herein to the contrary notwithstanding, notice of any cancellation, termination or alteration to the insurance contracts must be delivered by registered mail to the Commissioner, Department of Buildings and General Services, State of Vermont, Montpelier, Vermont, at least 60 days before effective cancellation, termination or alteration date unless all work required to be performed under the terms of the Contract is satisfactorily completed as evidenced by the formal acceptance by the State of Vermont. (7) No warranty is made that the coverages and limits listed herein are adequate to cover and protect the interests of the Contractor for the Contractor’s operations. These are solely minimums that have been set to protect the interests of the State. 11.3 The State shall have power to adjust and settle any loss with the insurers.

  • Tenant Insurance Landlord shall not be liable to Tenant, ▇▇▇▇▇▇’s family or ▇▇▇▇▇▇’s invitees, licensees, and/or guests for damages not proximately caused by Landlord or Landlord’s agents. Landlord will not compensate Tenant or anyone else for damages proximately caused by any other source whatsoever, or by Acts of God, and Tenant is therefore strongly encouraged to independently purchase insurance to protect Tenant, ▇▇▇▇▇▇’s family, ▇▇▇▇▇▇’s invitees, licensees, and/or guests, and all personal property on the leased premises and/or in any common areas from any and all damages.

  • Country Risk Country Risk shall mean, with respect to the acquisition, ownership, settlement or custody of Investments in a jurisdiction, all risks relating to, or arising in consequence of, systemic and markets factors affecting the acquisition, payment for or ownership of Investments including (a) the prevalence of crime and corruption, (b) the inaccuracy or unreliability of business and financial information, (c) the instability or volatility of banking and financial systems, or the absence or inadequacy of an infrastructure to support such systems, (d) custody and settlement infrastructure of the market in which such Investments are transacted and held, (e) the acts, omissions and operation of any Securities Depository, (f) the risk of the bankruptcy or insolvency of banking agents, counterparties to cash and securities transactions, registrars or transfer agents, and (g) the existence of market conditions which prevent the orderly execution or settlement of transactions or which affect the value of assets.