Contractor’s Insurances. As more fully provided in Article IX, Contractor shall procure and maintain the insurance coverages required of it under this Agreement.
Contractor’s Insurances. 2.37.1. The Contractor shall carry and maintain in force for the duration of this Contract, the following insurance’s:
Contractor’s Insurances. 7.1 The CONTRACTOR shall take out and maintain appropriate first class insurance with respect to its liabilities assumed and indemnities given under the CONTRACT and as specifically required in SECTION 3 hereof. All such policies shall contain waivers of rights of subrogation against the OPERATOR, its CO-VENTURERS, AFFILIATES and the SERVICE COMPANIES. The CONTRACTOR shall give the OPERATOR thirty days written notice of any proposed material change in any policy.
7.2 The CONTRACTOR shall extend to the OPERATOR, its CO-VENTURERS and the SERVICE COMPANIES the benefit of any Hull and Machinery insurance cover, which may exist under the CONTRACTOR'S insurance provisions.
7.3 If the CONTRACTOR shall fail to effect and keep in force any of the Insurances referred to herein, then the OPERATOR may effect and keep the same in force and pay such premium as may be necessary for that purpose and from time to time deduct the amount so paid by the OPERATOR as aforesaid from any monies due or which may become due to the CONTRACTOR or recover the same as a debt due from the CONTRACTOR.
7.4 CONTRACTOR shall require its SUB-CONTRACTORS to obtain, maintain and keep in force during the time in which they are engaged in performing any work
Contractor’s Insurances. (a) The Contractor must, before commencing supply of the Goods and/or Services and during the Term, effect and maintain with a reputable and substantial insurer insurance in relation to the Goods and/or Services including as set out in the Purchase Order and as follows:
(1) workers’ compensation insurance required by law;
(2) public (and product) liability insurance to a minimum cover of $20 million per claim;
(3) professional indemnity insurance (if set out in the Purchase Order), to a minimum cover of $10 million per claim and to be maintained for a period of 6 years from the cessation of the supply of the Goods and/or Services;
(4) motor vehicle third party property insurance to a minimum cover of $10 million per claim for all types of motor vehicles and equipment owned or controlled by the Contractor; and
(5) any other insurances required by law or regarded as sound commercial practice.
(b) The Contractor must provide evidence of the currency of insurance to the Principal or its agent promptly upon the request of the Principal or the Principal’s agent.
(c) The Contractor must ensure that any subcontractor engaged by the Contractor in relation to the Goods and/or Services effects and maintains the insurances in clause 11.1(a).
(d) The Contractor must not do anything which may provide grounds for an insurer to refuse payment of a claim made under any policy of insurance, or which may prejudice the interests of the Principal under any policy of insurance.
Contractor’s Insurances. (a) The Contractor shall obtain and maintain during the term of t he Contract the insurances required to be obtained and/or maintained by it as set out in Annex I (Insurance) and in accordance with the requirements set out therein. The term of the insurance shall be from the Commencement Date until the date of the Performance Certificate.
(b) The Contractor s hall cause t he i nsurers to provide t he f ollowing endorsement i tems in the comprehensive or commercial general liability and, if applicable, umbrella or excess liability policies relating to the Works provided pursuant to this Clause:
(i) the Employer, the Contractor the Power Purchaser, the Lenders, their directors, officers a nd e mployees s hall be a dditional insureds unde r such policies w ith respect to claims arising out of or in connection with this Contract;
(ii) the insurance s hall b e primary with r espect t o t he i nterest of t he C ontractor, Employer, Power Purchaser, the Lenders, their directors, officers, and employees and any ot her insurance maintained by t hem i s excess and not contributory with such policies;
(iii) the following cross liability clause shall be made a part of the policy: In the event of claims being made by reason of ( i) personal and/or bodily i njuries suffered by any employee or employees of one insured hereunder for which another insured hereunder is or may be liable, or (ii) damage to property belonging to any insured hereunder for which another insured is or may be liable, then this policy shall cover such insured ag ainst whom a claim i s m ade o r may b e m ade i n the same manner as if s eparate policies have been issued to each insured hereunder, except with respect to the limits of insurance; and
(iv) Notwithstanding a ny pr ovision of the pol icy, the pol icy m ay n ot be cancelled, non-renewed or materially changed by the insurer without gi ving f orty (40) da ys, except in the case of non-payment, in which case it will give fifteen (15) days, prior written notice to the Employer. A ll other terms and conditions of the policy shall remain unchanged.
(c) The Contractor shall cause its insurers or agents to provide the Employer with certificates of insurance evidencing the policies and endorsements listed above.
(d) In the case of E mployer insurance coverage where the Contractor does not have insured party status, the Contractor shall be obligated to perform in a manner so that the insurance cover is not jeopardized. In the case of marine perils i...
Contractor’s Insurances. 18 CLAUSE 10 TAX INFORMATION AND INDEMNITY.................................................................21 CLAUSE 11
Contractor’s Insurances. CLAUSE.8. TAX INFORMATION AND INDEMNITY CLAUSE 9. BANKRUPTCY OR LIQUIDATION CLAUSE 10. FORCE MAJEURE CLAUSE 11. FREEDOM FROM LIENS CLAUSE 12. INVOICING PROCEDURES CLAUSE 13. CONFIDENTIAL INFORMATION CLAUSE 14. PUBLICITY CLAUSE 15. ASSIGNMENT AND SUB-CONTRACTING CLAUSE 16. APPLICATION OF LAWS CLAUSE 17. NOTICES CLAUSE 18. VARIATION AND WAIVER CLAUSE 19. INDEPENDENT CONTRACTOR RELATIONSHIP CLAUSE 20. INFRINGEMENT OF PATENTS CLAUSE 21. APPLICABLE LAW CLAUSE 22. ARBITRATION CLAUSE 23. EXCLUSION OF PREVIOUS CORRESPONDENCE CLAUSE 24. AUDIT CLAUSE 25. MISCELLANEOUS CLAUSE 26. BUSINESS STANDARDS CLAUSE 27. COUNTRY SPECIFIC CONTRACT, ASSIGNMENT OF AGREEMENT CLAUSE 28. HEALTH, SAFETY, ENVIRONMENT AND SECURITY AND WELL INTEGRITY Attachment A MUTUAL HOLD HARMLESS AGREEMENT Attachment B COUNTRY SPECIFIC CONTRACT Exhibit “1” Contract Area Exhibit “2” Work Order Exhibit “3” Invoicing Procedures (Morocco attached) Exhibit “4” Country Specific Terms and Conditions (Morocco attached) Attachment C HSES STANDARDS
Contractor’s Insurances. Subject to any variations specified in clause 7 (insurance) of the Schedule, the Contractor will arrange and keep current insurance policies meeting the requirements described in clauses
9.1 to 9.5 below. Such policies must be arranged with an authorised Australian insurer and holder of a financial services licence in accordance with the Financial Services Reform Act 2001 (Cth).
9.1 Comprehensive Motor Vehicle Insurance
a) Own damage to vehicle – for no less than market value.
b) Third party property damage – $20,000,000.
c) Dangerous goods liability – as specified in the Schedule.
d) Non-owned trailer liability (where the Contractor tows a trailer/s that is not owned by the Contractor) – $100,000 any one trailer.
e) Coverage to be Australia wide.
Contractor’s Insurances. The Contractor must take out and maintain for the Term the following insurance policies:
(a) public liability insurance for at least the amount (per event) as specified in the Agreement Details; and
(b) workers’ compensation insurance as required by relevant Legislative Requirements, and must provide certificates of currency for such insurance policies to Council prior to the Commencement Date, on renewal and otherwise on Council’s request.
Contractor’s Insurances. The Parties recognize that in connection with the operations and the provision of goods, equipment and facilities contemplated by this CONTRACT, there is some risk that accidents and events may occur in which property is lost, damaged, or destroyed, -------------------------------------------------------------------------------- C-2000-AIOC-21467 PAGE 18 OF 33 DRILLING CONTRACT -------------------------------------------------------------------------------- and/or in which persons may be killed or injured. The Parties desire to allocate these risks between them and to require that these risks be adequately insured so as to minimize the possibility of disputes and to engage in effective risk management. For these reasons, the Parties agree to the insurance requirements, mutual indemnities and defense obligations set forth in this CONTRACT.
