Hull and Machinery, Minimum Coverage Requirements. The Buyer shall ensure that any tower of the Obsolete Vessel shall maintain broad form collision tower's liability with a limit of $5 million. The tower shall also insure each tug performing under this contract with Protection and Indemnity Insurance with a minimum limit of $5 million and Hull & Machinery Insurance covering the value of each tug.
Appears in 4 contracts
Samples: tendertale.com, voa.marad.dot.gov, voa.marad.dot.gov
Hull and Machinery, Minimum Coverage Requirements. The Buyer shall ensure that any tower of the Obsolete Vessel Vessel(s) shall maintain broad form collision tower's liability with a limit of $5 million. The tower shall also insure each tug performing under this contract with Protection and Indemnity Insurance with a minimum limit of $5 million and Hull & Machinery Insurance covering the value of each tug.
Appears in 2 contracts
Samples: voa.marad.dot.gov, voa.marad.dot.gov
