Charter Insurances definition

Charter Insurances means all policies and contracts of insurance which are from time to time during the Facility Period in place or taken out or entered into by or for the benefit of the Owners in respect of loss of earnings and all benefits thereof (including claims of whatsoever nature and return of premiums);
Charter Insurances means all policies and contracts of insurance which are from time to time during the Facility Period in place or taken out or entered into by or for the benefit of the Borrower in respect of loss of charter earnings and all benefits thereof (including claims of whatsoever nature and return of premiums);