Common use of Extent of Insurance Coverage Clause in Contracts

Extent of Insurance Coverage. From the time of the keel-laying until delivery of the DRILLSHIP, the BUILDER shall, at its own cost and expense fully insure the DRILLSHIP and all machinery, materials and equipment delivered to the Shipyard for the DRILLSHIP, including BUYER’s Supplies, built into or installed in or upon the DRILLSHIP against all risks under the “Institute Clauses for Builder’s Risks” with first class insurance company or underwriters in Korea. From the time of the first arrival of the BUYER’s Supplies in Korea until delivery of the DRILLSHIP, the BUILDER shall keep the BUYER’s Supplies fully insured with the aforementioned insurance companies or underwriters to cover BUILDER’s Risk. The BUILDER shall promptly furnish the BUILDER with certified copies in the English language of the insurance policies taken out.

Extent of Insurance Coverage. From the time of the keel-laying until delivery of the DRILLSHIP, the BUILDER shall, at its own cost and expense fully insure the DRILLSHIP and all machinery, materials and equipment delivered to the Shipyard for the DRILLSHIP, including BUYER’s 'S Supplies, built into or installed in or upon the DRILLSHIP against all risks under the “"Institute Clauses for Builder’s 's Risks” " with first class insurance company or underwriters in Korea. From the time of the first arrival of the BUYER’s 'S Supplies in Korea until delivery of the DRILLSHIP, the BUILDER shall keep the BUYER’s 'S Supplies fully insured with the aforementioned insurance companies or underwriters to cover BUILDER’s 'S Risk. The BUILDER shall promptly furnish the BUILDER with certified copies in the English language of the insurance policies taken out.

Extent of Insurance Coverage. From the time of the keel-laying until delivery of the DRILLSHIP, the BUILDER shall, at its own cost and expense fully insure the DRILLSHIP and all machinery, materials and equipment delivered to the Shipyard for the DRILLSHIP, including BUYER’s 'S Supplies, built into or installed in or upon the DRILLSHIP against all risks under the “"Institute Clauses for Builder’s 's Risks” " with first class insurance company or underwriters in Korea. From the time of the first arrival of the BUYER’s 's Supplies in Korea until delivery of the DRILLSHIP, the BUILDER shall keep the BUYER’s 's Supplies fully insured with the aforementioned insurance companies or underwriters to cover BUILDER’s 's Risk. The BUILDER shall promptly furnish the BUILDER with certified copies in the English language of the insurance policies taken out.

Extent of Insurance Coverage. From the time of the keel-laying until delivery of the DRILLSHIP, the BUILDER shall, at its own cost and expense fully insure the DRILLSHIP and all machinery, materials and equipment delivered to the Shipyard for the DRILLSHIP, including BUYER’s 's Supplies, built into or installed in or upon the DRILLSHIP against all risks under the “"Institute Clauses for Builder’s 's Risks” " with first class insurance company or underwriters in Korea. From the time of the first arrival of the BUYER’s 's Supplies in Korea until delivery of the DRILLSHIP, the BUILDER shall keep the BUYER’s 's Supplies fully insured with the aforementioned insurance companies or underwriters to cover BUILDER’s 's Risk. The BUILDER shall promptly furnish the BUILDER with certified copies in the English language of the insurance policies taken out.