Marine Cargo Insurance. Cargo insurance insuring Contractor, Owner and Lender, as their interests may appear, on a “warehouse to warehouse” basis including land, air and marine transit insuring “all risks” of loss or damage on a C.I.F. basis plus ten percent (10%) from the time the goods are in the process of being loaded for transit until they are finally delivered to the Site including shipment deviation, delay, forced discharge, re-shipment and transshipment. Such insurance shall (a) include coverage for war, strikes, theft, pilferage, non-delivery, charges of general average sacrifice or contribution, salvage expenses, temporary storage in route, consolidation, repackaging, refused and returned shipments, debris removal, (b) contain a replacement by air extension clause, a 50/50 clause, a difference in conditions for C.I.F. shipments, an errors and omissions clause, an import duty clause and a non-vitiation clause (but subject to a paramount warranty for surveys of critical items), (c) an insufficiency of packing clause, (d) provide coverage for xxx and labor in an amount not less than $1,000,000 and (e) insure for the replacement value of the largest single shipment on a C.I.F. basis plus ten percent (10%). The property damage proceeds under the marine cargo policy shall be paid as follows with respect to any one occurrence:
Marine Cargo Insurance. All property and interests of every kind and description (including materials, equipment, machinery and spares) intended for the Project or subsequent operations while in transit by land, air and/or sea. All Risks of physical loss or damage from a cause not excluded but including war, strikes, riots and civil commotions and terrorism while in transit, on a continuous open cover basis. Increased cost of working - the additional expenditure necessarily and reasonably incurred for the purpose of avoiding or reducing delay which, without such expenditure would have taken place. Property At all times the Supplier’s factory premises, plant, machinery, raw materials and finished stocks all related to and comprising the Project under a property insurance in an amount equal to the full replacement value of the above named items for “all risks” of physical loss or damage including, but not limited to, coverage for earth movement, flood, windstorm, earthquake, sabotage, terrorism, riots, civil commotion, testing, boiler and machinery, transit and off-site storage. The policy may contain separate sub limits and deductibles subject to insurance company underwriting guidelines. Deductibles under the policy shall not exceed $100,000 per occurrence, except for deductibles for natural catastrophe peril, which shall not exceed five percent (5%) of the insured loss Increased cost of working - the additional expenditure necessarily and reasonably incurred for the purpose of avoiding or reducing delay which, without such expenditure would have taken place.
Marine Cargo Insurance. (a) Owner shall obtain and maintain Marine Cargo Insurance on a “warehouse to warehouse” basis insuring the Equipment against loss or damage arising from customary “all risk” marine perils (including war, strikes, riots and civil commotion, if available) while in transit.
Marine Cargo Insurance if applicable, covering the replacement value of any Goods in transit by water;
Marine Cargo Insurance. Cargo insurance insuring Contractor, Owner and Lender, as their interests may appear, on a “warehouse to warehouse” basis including land, air and marine transit insuring “all risks” of loss or damage on a C.I.F. basis plus ten percent (10%) from the time the goods are in the process of being loaded for transit until they are finally delivered to the Site including shipment deviation, delay, forced discharge, re-shipment and transshipment. Such insurance shall (a) include coverage for war, strikes, theft, pilferage, non-delivery, charges of general average sacrifice or contribution, salvage expenses, temporary storage in route, consolidation, repackaging, refused and returned shipments, debris removal, (b) contain a replacement by air extension clause, a 50/50 clause, a difference in conditions for C.I.F. shipments, an errors and omissions clause, an import duty clause and a non-vitiation clause (but subject to a paramount warranty for surveys of critical items), (c) include an insufficiency of packing clause, (d) provide coverage for xxx and labor in an amount not less than $1,000,000 and (e) insure for the replacement value of the largest single shipment on a C.I.F. basis plus ten percent (10%). If Owner issues a notice to proceed under the Stage 2 EPC Agreement, Contractor acknowledges that, upon issuance of such notice to proceed, Contractor shall be required under the Stage 2 EPC Agreement to extend the marine cargo insurance coverage under this Agreement to the Stage 2 EPC Agreement as specified in the Stage 2 EPC Agreement. Such extension shall not relieve Contractor of any of its responsibilities to meet the requirements of Attachment O under this Agreement, except that (unless expressly stated otherwise in this Section) any limits, sublimits, deductibles, payments or other values stated herein shall not be doubled or otherwise increased as a result of the extension of the marine cargo insurance to the Stage 2 EPC Agreement. The property damage proceeds under the marine cargo policy shall be paid as follows with respect to any one occurrence:
Marine Cargo Insurance. Purchaser shall or shall cause to be purchased and maintained, Marine Cargo Insurance on a "warehouse to warehouse" basis insuring the Equipment against loss or damage arising from customary "all risk" marine perils (including war, strikes, riots and civil commotion, if available) while in transit, provided such shipment involves “blue water” transport. Such policy limit shall be equal to 110% of the cost (including cost of freight and insurance) of the largest single shipment. The deductible under such insurance shall be $25,000 on a per occurrence basis. 19.2.3
Marine Cargo Insurance. All property and interests of every kind and description (including materials, equipment, machinery and spares) intended for the Project or subsequent operations while in transit by land, air and/or sea. All Risks of physical loss or damage from a cause not excluded but including war, strikes, riots and civil commotions and terrorism while in transit, on a continuous open cover basis. Increased cost of working - the additional expenditure necessarily and reasonably incurred for the purpose of avoiding or reducing delay which, without such expenditure would have taken place.
Marine Cargo Insurance cargo insurance insuring the Companies and OPIC, as their interests may appear, on a “warehouse to warehouse” basis including land, air and marine transit insuring “all risks” of loss or damage on a replacement cost basis plus freight and insurance from the time the goods are in the process of being loaded for transit until they are finally delivered to the Site including during shipment deviation, delay, forced discharge, re-shipment and transshipment. Such insurance shall include coverage for war, strikes, theft, pilferage, non-delivery, charges of general average sacrifice or contribution, salvage expenses, temporary storage in route, consolidation, repackaging, refused and returned shipments, contain a replacement by air extension clause, 50/50 clause, unintentional, difference in conditions for C.I.F. shipments, errors and omissions clause, import duty clause, non- vitiation clause, an English law and practices plus adjustment and settlement clause, OPIC loss payable clause satisfactory to the Insurance Consultant, debris removal, contain no exclusion for inadequate packing or survey warranties and insure for the replacement value of the largest single shipment plus freight and insurance, subject to a minimum limit of $15,000,000 per conveyance.
Marine Cargo Insurance. Owner shall procure marine cargo insurance to provide coverage for loss of or damage to equipment and materials and all other property, including property in transit or temporary storage, used for or intended for incorporation in the Work. Coverage shall be arranged on an open-cover basis, written on an “all risk” basis to include war risks, transport requirements, (including waterborne and airborne transit requirements for the Work, and the unloading and reloading at temporary location and transshipment to the Site) and overland transit requirements (including overland and transshipments). Such insurance will include commercially reasonable sublimits, conditions and exclusions and shall attach at the commencement of loading at the applicable Contractor or Subcontractor premises, including temporary storage during transit, until safe unloading at the Site. With respect to Equipment other than the Siemens Equipment, Contractor shall bear any and all costs for insurer loss control inspections prior to and during shipment including loading and unloading. Such insurance shall provide coverage while the insured property is in conveyance in, by or on vessel, barge, air, road, rail or any other conveyance by land, sea or air including connections. Such insurance shall include the interests of Owner, its Lender(s), and Contractor (including Contractor’s Affiliates and Subcontractors). Prior to placement, Owner shall allow Contractor a reasonable period of time to review and comment (but not approve) the marine cargo insurance policy, and Owner shall provide to Contractor a certificate of insurance or copy of the policy confirming the status of Contractor and its Subcontractors as an additional named insured on the marine cargo insurance policy. The marine cargo insurance policy shall provide a waiver of all rights of subrogation against the Lender(s) and Contractor (including Contractor’s Affiliates and Subcontractors), except to the extent limited by the terms of the policy. The furnishing of said insurance by Owner shall in no way relieve, or limit, or be construed to relieve or limit, Contractor or its Subcontractors or Sub-subcontractors of any other responsibility or obligation otherwise imposed by the Agreement. Insured losses under the marine cargo insurance shall be adjusted by or on behalf of Owner and Contractor and made payable to Contractor and Owner as their interests may appear or their designate(s), and Contractor shall pay its Subcontractors their ...
Marine Cargo Insurance. (If Applicable) Cover : Imports of cargo, equipment, goods, plant, machinery and materials (“Insured Property”) to the site where the Permanent Works will be constructed.
