Common use of Fleet cover Clause in Contracts

Fleet cover. if any of the insurances referred to in clause 16.1.1 (a) form part of a fleet cover, procure that the Approved Brokers shall undertake to the Lessor that they shall neither set off against any claims in respect of the Ship any premiums due in respect of other vessels or equipment under such fleet cover or any premiums due for other insurances, nor cancel the insurance for reason of non-payment of premiums for other vessels under such fleet cover or of premiums for such other insurances, and, if the Approved Brokers are not prepared to provide an undertaking of the type referred to above, shall undertake to issue a separate policy in respect of the Ship if and when so requested by the Lessor;

Fleet cover. if any of the insurances referred to in clause 16.1.1 16.1 (aa)(i) form part of a fleet cover, procure that the Approved Brokers shall undertake to the Lessor Owner that they shall neither set off against any claims in respect of the Ship any premiums due in respect of other vessels or equipment under such fleet cover or any premiums due for other insurances, nor cancel the insurance for reason of non-payment of premiums for other vessels under such fleet cover or of premiums for such other insurances, and, if the Approved Brokers are not prepared to provide an undertaking of the type referred to above, and shall undertake to issue a separate policy in respect of the Ship if and when so requested by the LessorOwner;