Additional Insured/Joint Entrant Provisions Clause Samples

Additional Insured/Joint Entrant Provisions. All insurance required of Owner and its Subcontractors under this Charter shall also contain endorsements that insurers will have no rights of recovery or subrogation against Charterer in respect of claims which are the responsibility of Owner under this Charter. In addition, prior to the Ready for Hydrocarbons Date, Charterer shall be named as an additional insured (except with respect to protection and indemnity club coverage) and after the Ready for Hydrocarbons Date, with respect to Charterer interest in such insurance, Charterer shall be named as an additional insured and shall be entered as a joint entrant with respect to all protection and indemnity club coverage. Such Owner’s agreement to name Charterer as additional insured prior to the Ready for Hydrocarbons Date is made subject to the following conditions: (a) Charterer shall have the benefit of being named as additional insured (only with respect to claims, demands, suits and actions, resulting from activities and operations connected with this Charter; and (b) the naming of Charterer as an additional insured is not intended to and shall not derogate from the division of risk and indemnity agreements described in this Charter. Other than in respect of pollution after the Ready for Hydrocarbons Date, Charterer shall not be entitled to assert a claim against Owner’s P&I Club insurance and other insurances with respect to liabilities and losses assumed by Charterer or as to which Charterer indemnifies Owner under Article 28.