Insurance and Deposit. Some orders may require that Lessee insure the Equipment for the duration of the Rental Period or provide an authorization hold to be placed on Lessee’s credit card on file in an amount to be determined by Lessor until the Equipment has been returned to Lessor in good working order. Should Lessee chose to insure the Equipment, Lessee shall add Shutterfly, LLC as Additional Insureds on Lessee’s insurance policy and provide Lessor with a Certificate of Insurance at the time of the order.
Insurance and Deposit. The chartered yacht has liability and comprehensive insurance. The Charterer's (the ship's captain's) liability for damages caused by them or their crew is limited to the Charter Company (not to third parties) by the amount of the security deposit. Exceptions are listed in the Agreement. In terms of insufficient amounts of coverage (e.g. liability/environmental damage) the conclusion of an appropriate insurance package is recommended.
Insurance and Deposit. The Vessel is fully insured against third party damage, fire, explosion, theft or robbery or damage caused by natural disasters, marine and collision risks, and against any loss or damage except equipment expressed in this Contract. The financial liability of the Client for loss or damage caused by him or his party is limited with the agreed security deposit. Security deposit The Client is required to leave a security deposit with the Charter Company upon embarkation. The security deposit is to cover any damage to the Vessel or its equipment, as well as any additional costs incurred by the Charter Company because of the Client's actions. The security deposit will be returned to the Client at the end of the charter period, minus any deductions for damages or additional costs. The amount of the security deposit is specified in the Contract and may be increased at the discretion of the Charter Company. The security deposit may be paid in cash (EURO) or by credit card. If the security deposit is paid by credit card, the Charter Company shall place a hold on the funds rather than charging the credit card. If the security deposit is paid in cash, it will be returned to the Client in cash at the end of the charter period. After the charter has finished, the security deposit will be returned in full, unless any damage on the Vessel, or damage or loss to any item of the vessel equipment has been found. Otherwise, the security deposit shall be kept in equivalent value of the repair / or purchase For regattas, double deposit amount will be required. If the Client damages the Vessel or its equipment, or incurs additional costs, the Charter Company will determine the cost of repair or replacement and will deduct this amount from the security deposit. If the cost of repair or replacement exceeds the amount of the security deposit, the Client is responsible for paying the additional amount.
Insurance and Deposit. The yacht is insured in case of loss of, or damage to, the chartered Vessel due to marine or traffic accident, sinking, capsizing, grounding, fire, explosion, theft of the whole Vessel, breakdown of masts andlor spars, braking of running or standing rigging collision with, or impact of any firm or floating object, malicious acts by third parties. The financial liability for loss or damage caused by charterer or a crewmember is limited with the amount of the deposit. The insurance shall not cover: - loss or damage incurred while the Vessel is operated by a person not possessing the appropriate authorisation for operating the respective type of Vessel. A person shall not be deemed to be without the appropriate authorisation when operating the Vessel at a time when their authorisation is temporarily withdrawn by the competent authority; - loss or damage caused by deliberate acts or gross negligence of the Insured or persons for whose actions the Insured is responsible; - loss or damage due to non-compliance with legal regulations or orders by public authorities; - loss or damage incurred while the Insured is under the influence of alcohol, drugs or other narcotics. If damage occurs during the cruise and client is not to be charged (due to normal exhaustion or in case of overdraft of the guarantee sum) he must receive permission (instruction) from the service provider or base manager for an adequate repair. In case of some bigger averages, as well as of those where the other boats are involved, the client is obliged to report the case to the authorized harbour-master's office and record in a protocol (the course of events, estimation of damage) for an insurance company. The charterer is also obliged to report the service provider's office. If the charterer does not fulfil his obligations, he can be in full charged for the costs of damage. The same case is with the damages on the engine caused by the lack of oil. The charterer is obliged to check the oil in the engine every day. The personal belongings are not covered by the insurance and it is recommended to the client to do it himself. The crew is covered by insurance.
Insurance and Deposit. The chartered yacht is insured against third party damage, fire, lightning, explosion, theft or robbery or damage caused by natural disasters, marine and collision risks, and against any loss or damage except equipment expressed in this contract. The Charterer leaves YCO a compulsory security deposit or deposit insurance, which guarantees the compensation of all eventual losses or damages during the charter, even if they are not covered by the insurance policy. The deposit is made in cash, credit card (preauthorization by POS terminal) or as deposit insurance policy. The deposit is obligatory even in cases when a boat is rented with a skipper provided by YCO. The financial liability of the Charterer(client) for loss or damage caused by him or a crewmember is limited with the agreed deposit. Exceptions are mentioned in this contract.
Insurance and Deposit. The Vessel is fully insured against third part damage, fire, explosion, theft or robbery or damage caused by natural disasters, marine xxx.xxxxxxxx-xxxxxxx.xx and collision risks, and against any loss or damage except equipment expressed in this Contract. The financial liability of the Client for loss or damage caused by him or his crew is limited with the agreed security deposit. If the insurance comes to bear in case of damage, terms state that the damage had not been caused deliberately or by gross negligence or that the Client /Skipper did not set a behavior, which release the insurer to fulfill its contractual obligation. It is expressly stipulated that in case of gross negligence or deliberate act the liability of the Client, is not limited by the deposit. The Client may be forced to pay the full sum of the damage. Security deposit The Client is required to leave a security deposit with the Charter Company upon taking over the Vessel. The security deposit is to cover any damages to the Vessel or its equipment, as well as any additional costs incurred by the Charter Company because of the Client's actions. The security deposit will be returned to the Client at the end of the charter period, minus any deductions for damages or additional costs. The amount of the security deposit is specified in the Contract and may be increased at the discretion of the Charter Company. The security deposit may be paid in cash (EURO) or by credit card. If the security deposit is paid by credit card, the Charter Company shall place a hold on the funds rather than charging the credit card. If the security deposit is paid in cash, it will be returned to the Client in cash at the end of the charter period. After the charter had finished, security deposit will be returned in full, unless any damage on the Vessel, or damage or loss of any item of the vessel equipment has been found. Otherwise, the security deposit shall be kept in equivalent value of the repair / or purchase value of the damaged and/or lost equipment. For regattas, double deposit amount will be required. If the Client damages the Vessel or its equipment, or incurs additional costs, the Charter Company will determine the cost of repair or replacement and will deduct this amount from the security deposit. If the cost of repair or replacement exceeds the amount of the security deposit, the Client is responsible for paying the additional amount.
