INSURANCE OF GOODS. 11.1 The Courier will effect insurance of goods as the agent of the Customer if the Customer instructs the Courier to do so.
11.2 To avoid doubt, it is not the responsibility of the Courier to effect insurance of goods. Insurance of goods will only be affected by the Courier for the benefit of the Customer if the Courier receives written instructions from the Customer and the Customer agrees to pay the cost of insurance.
INSURANCE OF GOODS. You agree:
9.1 Youwill, at your cost, keepthe Goodsinsuredunderafully comprehensivepolicy of insurance (including public and third party liabilities for such amount as we shall approve) freefrom restriction or excesswith reputableinsurersfromthedatethe Goods aredeliveredtoyou or, if earlier, fromthedate theSupplierstopshavingriskintheGoods. Theamountinsured must be thegreater of their full replacement value and theamount still due to us under this Agreement.
9.2 You will advisetheinsurersthatthe Goods are our property and we must benamed as loss payee in respect of all claims other than in respect of public and third party claims where we must be named as an additional insured. You will: • show us thepolicy of suchinsuranceandallpremiumreceiptsevidencingthepaymentofpremiums on demand; and • notify us promptly of any loss of or damagetothe Goods and hold any insurancemonies received by you in trust forus.
9.3 You must inform us in writing immediately if the Goods are lost, stolen or damaged. You irrevocably authorise us tonegotiate with the insurerstosettle any insuranceclaim and to receivetheinsurance monies.
9.4 Wemayapplytheinsuranceproceedsat our option, aftermeeting any incidentalcosts, expensesor losses, either in making good the damage donetothe Goods; or, in replacingthe Goods with similar Goods or Goods with a similardescription and age; or,towards payment of sums due fromyouunder this Agreement.
9.5 If the Goods or any of them are at any time a total loss for insurance purposes (the “Lost Goods”), you will be liableto pay us a Termination Payment, which, if the Lost Goods arepartonly of the Goods, shall be calculatedpro-ratatotheoriginal cost of the Lost Goods as a proportion of theoriginal cost of all the Goods. Until payment by youoftherequiredamountall ourrights(includingtherighttoreceive Rentals in respect of the Lost Goods) andyour obligations under this Agreement shallcontinue. On receipt of that Termination Payment the hiring will terminate in respect of those Lost Goods. In respect of any remaining Goods, thehiring and the Agreement will in all respectscontinue; savethat we shalltell you what the future Rentals will be for theremaining Goods underthis Agreement and youshall pay them on the duedates.
9.6 You shall pay us on demand any loss, liability or damage, cost or expensewhich we tell you we have suffered as a result of any such paymentto us as referredto in condition 9.5 not being allowed as a trading expense in computing for tax purp...
INSURANCE OF GOODS. 10.1 The Courier will effect insurance of goods up to the value of $10,000 as the agent of the Customer if the Customer instructs the Courier to do so in writing prior to the effect of the contract.
10.2 To avoid doubt, it is not the responsibility of the Courier to effect insurance of goods. Insurance of goods will only be effected by the Courier for the benefit of the Customer if the Courier receives written or electronically transmitted instructions from the Customer.
INSURANCE OF GOODS. 18.1. The Freight Forwarder is not obliged to arrange the insurance of the goods (c.f. goods in transit or warehousing insurance), unless this was explicitly agreed between the parties. If relevant, the Freight Forwarder will arrange insurance with an insurer of its choice. If, due to the nature of the goods to be insured, or for another reason, the Freight Forwarder is unable to purchase insurance, the Freight Forwarder will notify the Customer immediately.
18.2. In the absence of explicit agreement, the Freight Forwarder is entitled, but not obliged, to arrange insurance for the goods, if this is in the interests of the Customer. The Freight Forwarder can assume that insurance is in the interests of the Customer, in particular when:
18.3. The assumption that insurance is in the interest of the Customer can be discounted, in particular if:
18.4. The Freight Forwarder must assess the type and scope of insurance in its sole discretion and purchase insurance cover at the usual market rates, unless instructed otherwise in text form by the Customer stating the amount insured and risks to be covered.
18.5. In case of Freight Forwarder purchases an insurance for the benefit of the Customer, recovers a claim or acts otherwise on behalf of the Customer
INSURANCE OF GOODS. 18.1. Unless it has explicitly been agreed in writing with the Principal, the Storage Company shall not be obliged to take out any insurance on the goods. If it has been agreed between the Storage Company and the Principal that the Storage Company will insure the goods, and then the Storage Company shall have the right, at its own choice, to take out the agreed insurance in the name of the Principal or to cover it under an already existing policy of the Storage Company. The figure that has been furnished by the Principal shall be taken as the value to be insured. The Storage Company shall in regard to any insurance always exclusively be regarded as an intermediary without an y liability of its own, i.e. also without liability for conditions contracted with the insurer(s) or for the solidity or for the solvency of the insurer (s).
18.2. In all cases in which the goods have been insured through the intermediary of the Storage Company, the Storage Company shall have the right for and on behalf of the party interested in the goods to collect the monies awarded on account of insurance claims and to recoup there from any amounts due to it by the Principal, on any ground whatsoever. The remaining balance shall be paid out to the Principal.
18.3. If, in the event of damage to or loss of goods by fire or by any other cause, the assistance of the Storage Company for ascertaining that damage or that loss is advisable or necessary, then such assistance shall be rendered by the Storage Company against payment of the costs connected therewith and of a fee forties attendances. The Storage Company shall be entitled to make the rendering of its assistance dependent on payment in cash of or the furnishing of security for all that the Storage Company is entitled to claim from the Principal on any ground whatsoever together with the costs and fees referred to in this paragraph.
18.4. Unless otherwise agreed the insurances taken out through the intermediary of the Storage Company shall continue from month to month and these insurances shall terminate at the end of the insurance month in which notice of their termination has been given by the Principal to the Storage Company, or in which the goods have been dispatched. In the event of the dispatch of a portion of the goods, the Principal shall be obliged to notify the Storage Company for which amount he wants to insure the remaining goods. Failing such a notification the Storage Company shall be entitled to reduce the amount in...
INSURANCE OF GOODS. The Client can request the Logistics service provider in writing (optional: for the account of the Client) to insure the (or: specific) Goods against risks specified in writing, based on internationally common insurance terms, insofar as the Logistics service provider can, in all reasonableness, comply with said request. The request is attached as Appendix X to this Agreement and forms an integral part hereof. The Logistics service provider will at the request of the Client provide a copy of the insurance certificate.
INSURANCE OF GOODS. The F.F. only acts as an agent of the Customer. No insurance is taken out by the F.F. without a written instruction from the Customer repeated for each shipment, stating the risks to be covered and the sums to be insured. If such an instruction is given, the F.F., acting on behalf of the Customer, shall take out insurance with an insurance company that is reputable and solvent at the time of the cover. In the absence of a precise specification, only ordinary risks (excluding war and strike) will be insured. Acting in this particular case as an agent, the F.F. cannot under any circumstances be considered as an insurer. The terms of the insurance policy are deemed to be known and approved by the shippers and consignees which shall bear the cost thereof. An insurance certificate will be issued if requested. Any dispatch and delivery dates given by the F.F. are purely for information purposes. The Customer is required to give the necessary and specific instructions to the F.F. in due time for the performance of the transport services, ancillary services and/or logistics services. The F.F. does not have to verify the documents (commercial invoice, packing note, etc.) provided by the Customer. All specific delivery instructions (cash on delivery, declaration of value or insurance, special interest in delivery, etc.) must be given in writing and repeated for each shipment and expressly accepted by the F.F. The F.F. is presumed responsible for proper transportation and is bound by a general performance obligation. It shall organise the operation based on information, requests and instructions given by the Customer. Prior to concluding the contract of carriage, the F.F. shall ensure that the substitute it contacts is authorised to carry out the operations entrusted to it and has the necessary skills. The F.F. alone chooses its substitutes. It is not required to obtain the Customer’s agreement regarding the names of the intermediary freight forwarders and substitutes that it uses. Except for personal fault on its part, the freight forwarder shall not be held liable in respect of intermediary freight forwarders and/or substitutes which have been officially imposed on it by the Customer or public authorities.
INSURANCE OF GOODS. The LESSEE must also request, against the following main risks: fire, explosions electrical damage, flooding, storms, hurricanes, hail, weight of snow, strikes, riots, coups and acts of vandalism, natural disasters; theft, broken glass,
(a) all fixtures,
(b) furniture, equipment, merchandise and, in general, all goods. The contract/s must grant a guarantee for claims of neighbours and/or third parties, as well as problems of usufruct. The LESSEE and his insurers declare that they waive any claim against:
INSURANCE OF GOODS. The client can request the logistics service provider in writing to insure the (or: certain) goods at the expense of the client, against a coverage specified in writing, based on internationally customary insurance conditions, to the extent reasonably feasible for the logistics service provider. The relevant request is or will be attached to the Agreement as Annex X and forms an integral part of it. Upon request, the logistics service provider will provide a copy of the insurance certificate to the client.
INSURANCE OF GOODS. The insurance contract taken out by the LESSOR guarantees all buildings, general and technical facilities deemed as fixed property by nature or purpose, communal furniture, against the following main risks: fire, explosions, electrical damage, flooding, storms, hurricanes, hail, weight of snow, strikes, riots, coups and acts of vandalism, natural disasters; goods are insured to their as new value, it being specified that this will evolve in line with the index provided for in the insurance policy/ies. The insurance includes guarantee for loss of rental following guaranteed material damage. Also, the insurance contract includes the “Claims by neighbours and third parties” guarantee following a fire, explosion or flooding affecting the insured goods. The LESSOR and his insurers declare that they waive any claim against the LESSEE and his insurers for risks guaranteed in the contracted described below which mentions this provision.
