Common use of Fleet cover Clause in Contracts

Fleet cover. (a) If any of the Insurances form part of a fleet cover, the Charterers shall procure the Approved Brokers not to cancel the Insurances for reason of non-payment of premiums for other vessels/units under such fleet cover or of premiums for such other Insurances, and, to the extent allowed under the relevant terms of the Insurances, the Charterers shall procure that the Approved Brokers shall undertake to the Owners that they shall neither set-off against any claims in (b) The Charterers undertake to issue a separate policy in respect of the Vessel being part of a fleet cover if it becomes necessary to protect the Owners' interests in the Insurance and when so reasonably requested by the Owners.