Insurance and Claims. (a) The premium of any insurance policy secured by Operator pursuant to the Contract.
(b) Any costs sustained by Contractor and Operator arising out of an event covered by insurance. Such costs include, but are not limited to, repairs and replacements of Materials in the Contract Area resulting from damages or losses incurred because of fire, flood, storm, theft, accident, or any other similar risk.
(c) All costs and expenses associated with suing, working or travelling for, or any other cost incurred because of insurance related disputes or litigation with any party including any insurer and/or any insurer’s representatives or agents to the extent that such costs and expenses are not refunded for whatever reasons, by insurance and/or not awarded by an arbitrator or a court of law.
(d) Any compensation received, or any claim collected from insurers or third parties shall be credited to the Operating Account. If no insurance is carried for a particular risk, all related actual expenditures incurred and paid by Contractor in settling any and all losses, claims, damages, judgment and other expenses, including related legal expenditures. Any such loss, claim or damage shall be charged to the Operating Account unless it is a direct result of Contractor's and/or Operator’s failure to act in accordance with the standards of insurance required by the Contract or instructions of the JMC.
Insurance and Claims. Petroleum Operations Costs shall include premiums paid for insurance required [and approved] in accordance with the Contract. All expenses incurred and paid by the Contractor in respect of any insurance claim, less any costs recovered by the Contractor by means of insurance claims, shall be included and recoverable as Petroleum Operations Costs, provided these expenses are not incurred as a consequence of their being not recoverable under a policy of insurance of the Contractor, in which case they shall not be recoverable.
Insurance and Claims. Operating Costs shall include premiums paid for insurance normally required to be carried for the Petroleum Operations relating to CONTRACTOR's obligations conducted under the Contract, together with all expenditures incurred and paid in settlement of any and all losses, claims, damages, judgments, and other expenses, including fees relating to CONTRACTOR's obligation under the Contract.
Insurance and Claims. 2.1. The Associate shall takeout and maintain Public Liability insurance, which shall, for any one occurrence or series of occurrences arising out of one event, be not less than £10,000,000 from a reputable insurer
2.2. The Lead Parish and the Associate acknowledges that claims and proceedings against the highway authority in respect of the provision of the Scheme by the Associate under this Agreement (other than claims under contracts undertaken by the Associate) shall be handled by Hampshire County Council.
2.3. Any such claims or other intimation of such proceedings received by the Associate shall be referred by the Associate to the Lead Parish and Hampshire County Council as soon as possible but in any event within 7 days of receipt of the claim together with all supporting information.
2.4. The Associate shall provide to Lead Parish and Hampshire County Council any witnesses, information, evidence, documents or other material necessary to enable Hampshire County Council to conduct or settle any subsequent proceedings.
Insurance and Claims. The cost of any public liability, property damage and other insurance against liabilities of CONTRACTOR, Operating Company and/or the parties or any of them to their employees and/or outsiders as may be required by the laws, rules and regulations of the GOVERNMENT or as the parties may agree upon. The proceeds of any such insurance or claim collected, less the actual cost of making a claim, shall be credited against operations. If no insurance is carried for a particular risk, in accordance with good international Oil field practices, all related actual expenditures incurred and paid by CONTRACTOR or Operating Company in settlement of any and all losses, claims, damages, judgments and any other expenses, including legal services.
Insurance and Claims. The cost of any public liability, property damage and other insurance against liabilities of the Company and/or the Parties or any of them to their employees and/or outsiders as may be required by the laws, regulations and rules of the State or as the Parties may agree upon. The proceeds of any such insurance or claim collected, less the actual cost of making a claim, shall be credited against operations. If no insurance is carried for a particular risk, in accordance with good international mining industry practices, all related actual expenditures incurred and paid by the Company in settlement of any and all losses, claims, damages, judgments and any other expenses, including legal services.
Insurance and Claims. (a) The premium of any insurance policy secured by Contractor or Operator pursuant to this Contract.
(b) Any costs sustained by Contractor or Operator arising out of an event covered by insurance. Such costs include, but are not limited to, repairs and replacements of Materials in the Contract Area resulting from damage or loss incurred because of fire, flood, storm, theft, accident, or any other similar risk.
(c) All costs and expenses associated with suing, working or travelling for, or any other cost incurred in consequence of, or because of insurance related disputes, claims or litigation with any party including any insurer and/or any insurer’s representatives or agents to the extent that such costs and expenses are not refunded for whatever reasons, by insurance and/or not awarded by an arbitrator or a court of law.
(d) Any compensation received, or any claim collected from insurers or third parties shall be credited to the Operating Account. If no insurance is carried for a particular risk, all related actual expenditures incurred and paid by Contractor or Operator in settling any and all losses, claims, damages, judgement and other expenses, including related legal expenditures. Any such loss, claim or damage shall be charged to the Operating Account unless otherwise provided for under Article 24.7 of this Contract.
Insurance and Claims. The cost of insurance, including public liability, property damage and other insurance including the coverage against liabilities of Contractor to its employees and/or outsiders as may be carried by Contractor, or required by the laws, rules and regulations of Bangladesh as Petrobangla and Contractor may agree upon. Contractor shall not provide such insurance through Affiliates or self-insure for a premium without prior specific written approval of Petrobangla and however, such approval not to be unreasonably withheld. The proceeds of any such insurance or claim collected shall be credited against the appropriate expenditure account and reduce recoverable costs. If no insurance is carried for a particular risk, all related actual expenditures incurred and paid by Contractor in settlement of any and all losses, claims, damages, judgments and any other expenses, including legal services, shall be charged to the appropriate expenditure account, provided such loss, claim or damage did not result from Contractor's failure to operate in accordance with the standards required by this Contract.
Insurance and Claims. Prior to Seller, its employees or agents accessing Purchaser’s premises or project in connection with this PO, including delivery, Seller shall obtain and maintain commercial general liability insurance covering bodily injuries (including death) and property damage in the amount of $1,000,000 per occurrence, and automobile liability insurance covering property damage and bodily injuries (including death) in the amount of $1,000,000 per occurrence or in such larger amounts specified by Purchaser. Seller shall also provide and maintain workers’ compensation insurance in conformity with the laws of the state in which such premises or project is located, including USL&H and Xxxxx Act coverages, if applicable, and employer’s liability insurance in the amount of $1,000,000 per occurrence. Seller shall submit written proof of such insurance waiving subrogation against Purchaser on all coverages, unless prohibited by law, and, with the exception of workers’ compensation, naming Purchaser, the project Owner, and all persons required to be indemnified under the Prime Contract as additional insured (or alternate employer). Such insurance shall be primary to and non-contributory with any other insurance available to Purchaser. Seller shall give Purchaser thirty (30) days’ prior written notice of cancellation of any such insurance and provide evidence of replacement coverage prior to accessing any of Purchaser’s premises or projects. Purchaser’s payment hereunder, its assent to Seller’s performance and/or coverage or limits less than the minimums required, and/or failure to insist on performance of any item, condition or instruction or to exercise any right or privilege provided hereunder, or its waiver of any breach, shall not thereafter waive any term, condition, instruction, right, or privilege under this PO.
Insurance and Claims. The cost of insurance against any public liability, property damage and other insurance against liabilities of CONTRACTOR, the Joint Venture Company and/or the parties or any of them to their employees and/or outsiders as may be required by the laws, regulations and orders of the GOVERNMENT or as the parties may agree upon. The proceeds of any such insurance or claim collected, less the actual cost of making a claim, shall be credited against operations. If no insurance is carried for a particular risk, in accordance with good international Petroleum industry practices, all related actual expenditures incurred and paid by CONTRACTOR or the Joint Venture Company in settlement of any and all losses, claims, damages, judgments and any other expenses, including legal services.
