Common use of Exemption from National Insurance Clause in Contracts

Exemption from National Insurance. The GOB shall exempt the Company and the Contractor(s) from purchasing any insurance or reinsurance for the Project from the Sadharan Bima Corporation or any other insurance company organized in Bangladesh and allow the Company at its sole discretion to procure insurance and reinsurance from insurance companies outside Bangladesh for the Project.

Exemption from National Insurance. The GOB shall exempt the Company and the Contractor(s) Contractors from purchasing any insurance or reinsurance for the Project from the Sadharan Bima Corporation or any other insurance company organized in Bangladesh and allow the Company at its sole discretion to procure insurance and reinsurance from insurance companies outside Bangladesh for the Project.Bangladesh;