Goods in Transit Insurance Sample Clauses

Goods in Transit Insurance if the performance of this Agreement requires the Supplier to transport Goods to or from the Site, unless otherwise advised by the Company in writing, the Supplier will maintain insurance covering loss of or damage to the Goods during transit, regardless of whether the Company has paid for those Goods.
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Goods in Transit Insurance. If the performance of the Works requires the Supplier to transport Goods to or from Xxxxxxxx’x premises, unless advised otherwise by Xxxxxxxx, the Supplier will maintain insurance covering the loss of or damage to the Goods during transit, regardless of whether Xxxxxxxx has paid for those Goods. Such insurance must note Xxxxxxxx as a named insured under the policy.
Sample 1
Goods in Transit Insurance. Where clause 7.1 (goods in transit insurance) of the Schedule indicates that the Contractor will take out goods in transit insurance then the following requirements for the policy apply: a) Limit any one loss: $150,000 b) The Policy will cover at least the following insured events: • Fire, hail, explosion, lightning, or flood. • Collision of the conveying vehicle with any external object other than the road, gutter, or similar surrounding surfaces. • Overturning, jackknifing or derailment of the land conveyance. • Collision, crashing or forced landing of the conveying aircraft. • Impact of the goods with something that is not on or part of the conveying vehicle (but not impact with the road or surrounding areas caused by the Goods dropping or falling from the conveying vehicle, unless caused by one of the above events). • Loss of profit/consequential Loss to $100,000. • Theft, pilferage and non-delivery. • Debris removal following loss – $25,000 limit. • Shedding of load. • Damage caused by strikers, locked out workers or persons taking part in labour disturbances, riots or civil commotions. • The willful act of a third party which was committed without the knowledge or connivance of the Contractor or the owner of the goods. • Where refrigerated good are carried, cost of deterioration of refrigerated goods caused by any of the above events or by mismanagement or malfunction of refrigerating equipment.
Sample 1
Goods in Transit Insurance. Where clause 7.1 (goods in transit insurance) of the Schedule indicates that the Hirer will take out Goods in Transit Insurance then the following requirements for the policy apply: a) The Hirer will arrange and keep goods in transit insurance that will indemnify both the Hirer and the Contractor against their respective legal liabilities for loss or damage to goods in transit, and equipment owned by the Hirer (such as a trailer) used by the Contractor in the performance of the services. The insurance will meet at least the specifications referred to in clause 9.3 of this contract. b) The Hirer may deduct the cost of the Hirer’s goods in transit insurance from money payable to the Contractor, provided that: • The deduction is a direct and proper reflection of the actual cost of the insurance policy; • The Hirer provides to the Contractor a copy of the insurance policy; • Where the policy covers multiple contractors or employee drivers, satisfactory written evidence that the amount to be deducted from the Contractor is proportional to the Contractor’s share of potential liability covered by the policy; and • If the Contractor has adequate goods in transit insurance meeting the standards as described in clause 9.3, the Hirer will not deduct monies for insurance under this clause. Note: This clause complies with the requirements of sections 23 and 24 of the Act MODEL CONTRACT FOR OWNER DRIVERS 15
Sample 1
Goods in Transit Insurance. Where clause 7.1 of the schedule indicates that the owner-driver will take out goods in transit insurance, then the following requirements for the policy apply: (a) Limit of any one loss: $150,000.
Sample 1
Goods in Transit Insurance. Where clause 7.1 of the schedule indicates that the hirer will take out goods in transit insurance, then the following requirements for the policy apply: (a) The hirer will arrange and keep goods in transit insurance that will indemnify both the hirer and the owner-driver against their respective legal liabilities for loss or damage to goods in transit, and equipment owned by the hirer (such as a trailer) used by the owner-driver in the performance of the services. The insurance will meet at least the specifications referred to in clause 9.3 of this contract.
Sample 1
Goods in Transit Insurance. 5.1 Notwithstanding any provision to the contrary contained in the GENERAL TERMS, the CARRIER undertakes to, at its own cost, effort and expense and for the tenure hereof, procure and maintain all risk “first loss” goods in transit insurance (“GIT”) in respect of all goods to be transported by the CARRIER on behalf of the COMPANY in the sum of R150 000.00 (One Hundred and Fifty Thousand Rand) per full load provided that such sum may be increased by the COMPANY from time to time. The CARRIER undertakes to procure that the COMPANY’S interest therein is noted on such insurance policy. The procurement of any insurance cover (GIT and otherwise) by or on behalf of the CARRIER, shall not relieve the CARRIER from or diminish its liability in respect of any risk assumed by or imposed upon the CARRIER in terms hereof or in law, in particular but without limitation, the risk in respect of the goods transported by the CARRIER. 5.2 The CARRIER shall procure that its insurance broker forthwith (and thereafter every 4 (Four) months) complete, stamp and submit (by hand delivery or via registered mail – NOTE: The tracking number must be phoned through to the offices of Grainovation (Pty) Ltd at (018) 464 7586) to 0 Xxxxx xx Xxxxx Street , Klerksdorp, 2570 the “CONFIRMATION OF CONTRACTOR GOODS IN TRANSIT INSURANCE COVER” form attached hereto. The CARRIER hereby irrevocably and unconditionally authorizes the COMPANY to communicate directly with the CARRIERS insurers and to procure from them all and any information, copies and the like to verify compliance by the CARRIER of its obligations herein recorded. 5.3 The CARRIER hereby confirms and acknowledges that it is fully acquainted alternatively will fully acquaint itself with the terms and conditions of such GIT insurance and undertakes to fully and strictly comply with all requirements pertaining to the lodgment of any claims under such insurance and to fully assist the COMPANY and/or the insurers in compiling, submitting and processing such claims. 5.4 In the event of the CARRIER’S failure to fully and strictly comply with any one, more or all of the requirements and/or terms of such GIT insurance, such failure resulting in any GIT claim under such insurance being abated or rejected (as the case may be), the CARRIER shall be fully liable unto and in favour of the COMPANY for any damages suffered by the COMPANY due to the abatement or rejection (as the case may be) of such claim, under which circumstances the CARRIER will b...
Sample 1
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Goods in Transit Insurance. 10.1 The Transporter shall take out and maintain during this Agreement, Good in transit insurance to cover any claims by the Client of the Good described in ad-paragraph 3.8. 10.2 The Client indemnifies the Company and holds it harmless against any claim arising from any loss, damage or personal injury suffered by any third person or owner of the Goods or instance as a result of or in the course of such transportation.
Sample 1

Related to Goods in Transit Insurance

  • Deposit Insurance Upon receipt of Proper Instructions, the Custodian shall take such reasonable actions as the applicable Fund deems necessary or appropriate to cause each deposit account established by the Custodian pursuant to this Section 2.21 to be insured to the maximum extent possible by all applicable deposit insurers including, without limitation, the Federal Deposit Insurance Corporation.

  • Agricultural Export Subsidies 1. The Parties share the objective of the multilateral elimination of export subsidies for agricultural goods and shall work together toward an agreement in the WTO to eliminate those subsidies and prevent their reintroduction in any form. 2. Neither Party shall introduce or maintain any export subsidy on any agricultural good destined for the territory of the other Party.

  • FINANCIAL INSTITUTION’S LIABILITY Liability for failure to make transfers. If we do not complete a transfer to or from your account on time or in the correct amount according to our agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:

  • CREDIT INSURANCE Credit insurance is not required for any extension of credit under this Agreement. However, You may purchase any credit insurance available through Us and have the premiums added to Your outstanding balance. If You elect to do so, You will be given the necessary disclosures and documents separately.

  • General Business Insurance To maintain insurance as is usual for the business it is in.

  • Indigenous Peoples The Borrower shall, and shall cause MOT and ARS to, ensure that the Project does not cause any impact on indigenous people within the meaning of the SPS. In the event that the Project does have any such impact, the Borrower shall, and shall cause MOT and ARS to, take all steps required to ensure that the Project complies with the applicable laws and any other applicable regulations of the Borrower and the SPS.

  • Health Care Insurance While a faculty member is on an approved leave of this type, the faculty member will be advised regarding the right to continue health care benefits in accordance with COBRA during the period of unpaid absence.

  • Additional Federally Required Orders/Directives Both parties agree that they will comply with the following laws and directives, where applicable: 11.20.1 Executive Order 11061, as amended, which directs the Secretary of HUD to take all action which is necessary and appropriate to prevent discrimination by agencies that utilize federal funds. 11.20.2 Public Law 88-352, Title VI of the Civil Rights Act of 1964, which provides that no person in the United States shall, on the basis of race, color, national origin, or sex, be excluded from participation in, denied the benefits of, or subjected to discrimination under any program or activity which receives federal financial assistance. The Agency hereby extends this requirement to the Contractor and its private contractors. Specific prohibited discriminatory actions and corrective action are described in Chapter 2, Subtitle C, Title V of the Anti-Drug Abuse Act of 1988 (42 U.S.C. 19901 et. seq.). 11.20.3 Public Law 90-284, Title VIII of the Civil Rights Act of 1968., popularly known as the Fair Housing Act, which provides for fair housing throughout the United States and prohibits any person from discriminating in the sale or rental of housing, the financing of housing or the provision of brokerage services, including in any way making unavailable or denying a dwelling to any person because of race, color, religion, sex, or national origin. Pursuant to this statute, the Agency requires that the Contractor administer all programs and activities, which are related to housing and community development in such a manner as affirmatively to further fair housing. 11.20.4 The Age Discrimination Act of 1975, which prohibits discrimination on the basis of age. 11.20.5 Anti-Drug Abuse Act of 1988 (42 U.S.C. 11901 et. seq.). 11.20.6 HUD Information Bulletin 909-23 which is the following: 11.20.6.1 Notice of Assistance Regarding Patent and Copyright Infringement; 11.20.6.2 Clean Air and Water Certification; and,

  • Long Term Care Insurance The University offers full-time faculty the opportunity to purchase Long-Term Care Insurance through a voluntary Long-Term Care Insurance policy. Faculty members are responsible for 100% of the premium, which may be remitted through payroll deduction.

  • LOCATION WITHIN ENTERPRISE OR REINVESTMENT ZONE At the time of the Application Approval Date, the Land is within an area designated either as an enterprise zone, pursuant to Chapter 2303 of the TEXAS GOVERNMENT CODE, or a reinvestment zone, pursuant to Chapter 311 or 312 of the TEXAS TAX CODE. The legal description, and information concerning the designation, of such zone is attached to this Agreement as EXHIBIT 1 and is incorporated herein by reference for all purposes.

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