General Requirements for Insurances. In this Clause, "insuring Party" means, for each type of insurance, the Party responsible for effecting and maintaining the insurance specified in the relevant Sub-Clause. Wherever the Contractor is the insuring Party, each insurance shall be affected with insurers and in terms approved by the Contract Awarder. These terms shall be consistent with any terms agreed by both Parties before they signed the Contract Agreement. This agreement of terms shall take precedence over the provisions of this Clause. Wherever the Contract Awarder is the insuring Party, each insurance shall be effected with insurers and in terms consistent with the details annexed to the Contract Agreement. If a policy is required to indemnify joint insured, the cover shall apply separately to each insured as though a separate policy had been issued for each of the joint insured. If a policy indemnifies additional joint insured, namely in addition to the insured specified in this Clause, (i) the Contractor shall act under the policy on behalf of these additional joint insured except that the Contract Awarder shall act for Contract Awarder's Personnel, (ii) additional joint insured shall not be entitled to receive payments directly from the insurer or to have any other direct dealings with the insurer, and (iii) the insuring Party shall require all additional joint insured to comply with the conditions stipulated in the policy. Each policy insuring against loss or damage shall provide for payments to be made in the currencies required to rectify the loss or damage. Payments received from insurers shall be used for the rectification of the loss or damage. The relevant insuring Party shall, within the respective periods stated in the Contract Agreement (calculated from the Commencement Date), submit to the other Party:
General Requirements for Insurances. 18.1 Add the following at the end of Sub-Clause 18.1: Acceptable to the Employer.
General Requirements for Insurances. (i) [In this Clause, t he “ insuring Party” s hall be t he Party r esponsible unde r A nnex I (Insurance) for effecting and maintaining the insurance thereunder.
General Requirements for Insurances. 96 18.2 Insurance for Works and Contractor’s Equipment 98 18.3 Insurance against Injury to Persons and Damage to Property 99
General Requirements for Insurances. Add at the end of the seventh paragraph after “Employer” the words “and the Contractor shall supply the Employer with original of such evidence or policies. The insurer shall keep the Employer informed of all modifications introduced to the policy post issuance by direct communication. The Contractor shall not modify the approved policy without the prior approval of the Employer and Employer.” Add at the end of the sixth paragraph after item (b) new item “(c) a statement from the Insurance Company that the various insurance requirements clauses of the Contract have been complied with and are fully covered by the policy issued.” Insert at the end of the second paragraph: The Contractor shall be the insuring party, and the insurance policy shall include provisions for cross-liabilities between the Employer and the Contractor as two separate entities in the insurance policies.
General Requirements for Insurances. Add the following paragraph after paragraph 1: The Insuring Party shall be the Contractor, unless specified otherwise. The insurance policies must include a clause forbidding their cancellation without the insurer giving prior notice to the Employer. The insurance company shall be a company registered with the "Registrar of Insurance" of Mauritius. Add the following paragraph after last paragraph, Except for the cover mentioned in (d)(i) hereunder, the other insurance covers shall be in the joint names of the Contractor and the Employer and the minimum insurance amounts shall be:
General Requirements for Insurances. Add the following to the end of this Clause: The Contractor shall be the insuring party, and the insurance policy shall include a provision for Cross Liabilities for each of the Employer and the Contractor is considered as two separate entities in the insurance policies. Clause (18 /2) - Insurance for Works and Contractor's Equipment: Add the following to the end of this Clause: "The replacement value and additions on it shall be equal to (115%) of the Accepted Contract Amount.” Chapter Twenty - Claims, Disputes and Arbitration Clause (20/2) - Appointment of the Dispute Adjudication Board: In addition to what is mentioned in Clause (20/2) of the General Conditions, the provisions concerning the Dispute Adjudication Board shall be applied as follows:
General Requirements for Insurances. In this Clause, "
General Requirements for Insurances. In this Clause, "insuring Party" means, for each type of insurance, the Party responsible for effecting and maintaining the insurance specified in the relevant Sub-Clause as set out in Schedule 4. Wherever the Contractor is the insuring Party, each insurance shall be effected with insurers and in terms chosen by the Contractor and approved by the financial institution providing the funding for the Project/s. These terms shall be consistent with any terms agreed by both Parties before they signed the PPP Agreement, if any. This agreement of terms shall take precedence over the provisions of this Clause. Wherever the Employer/s is/are the insuring Party, each insurance shall be effected with insurers and in terms consistent with the details as set out in Schedule 4 and the Employer/s will be deemed to have satisfied its obligations in respect of such insurance if the insurance is provided by reputable insurers, but only to the extent such insurances otherwise comply with the requirements of this Contract. If a policy is required to indemnify joint insured, the cover shall apply separately to each insured as though a separate policy had been issued for each of the joint insured and no act or omission on the part of one insured will prejudice the other insureds right to claim under such policy. If a policy indemnifies additional joint insured, namely in addition to the insured specified in this Clause, (i) the Contractor shall act under the policy on behalf of these additional joint insured except that the Employer/s shall act for Employer's Personnel,
General Requirements for Insurances. Replace this sub-clause with the following: “The Contractor shall effect the insurances as listed in Form A7 of the forms to be completed by the Tenderer, and these insurances shall be kept in force for the duration of the contract unless amended by mutual agreement.”
