Common use of Insurance Requirement Clause in Contracts

Insurance Requirement. The Concessionaire shall, at its cost and expense, purchase and maintain insurances as are prudent, including but not limited to the following: (a) builder’s all risk insurance; (b) loss, damage or destruction of the Project Facilities and Services, at replacement value; (c) comprehensive third party liability insurance including injury or death to personnel of the Concessioning Authority and others who may enter the Project Site or the Port’s Assets; (d) workmen’s compensation insurance; (e) marine cum storage cum erection insurance; and (f) any other insurance that may be necessary to protect the Concessionaire, its employees and its assets and the Concessioning Authority, its employees and agents engaged in or connected to the Project and the Project Site and Port Assets (against loss, damage or destruction at replacement value) including all Force Majeure Events that are insurable and not otherwise covered in items (a) to (e).

Insurance Requirement. The Concessionaire shall, at its cost and expense, purchase and maintain insurances as are prudent, including but not limited to the following: (a) builder’s all risk insurance, during Development Period; (b) loss, damage or destruction of the Project Facilities and Services, at replacement value; (c) comprehensive third third-party liability insurance including injury or death to personnel of the Concessioning Authority and others who may enter the Project Site or the Port’s Assets; (d) workmen’s compensation insurance;; and (e) marine cum storage cum erection insurance; andDeleted; (f) any other insurance that may be necessary to protect the Concessionaire, its employees and its assets and the Concessioning Authority, its employees and agents engaged in or connected to the Project and the Project Site and Port Assets (against loss, damage or destruction at replacement value) including all Force Majeure Events that are insurable and not otherwise covered in items (a) to (e).

Insurance Requirement. The Concessionaire shall, at its cost and expense, purchase and maintain insurances as are prudent, including but not limited to the following: (ai) builderConcessionaire’s all risk insurance; (bii) loss, damage or destruction of the Project Facilities and Services, at replacement value; (ciii) comprehensive third party liability insurance including injury or death to personnel of the Concessioning Authority and others who may enter the Project Site or the PortTerminal’s Assets; (div) workmen’s compensation insurance; (ev) marine cum storage cum erection insurance; and (fvi) any other insurance that may be necessary to protect the Concessionaire, its employees and its assets and the Concessioning Authority, its employees and agents engaged in or connected to the Project and the Project Site and Port Terminal Assets (against loss, damage or destruction at replacement value) value including all Force Majeure Events that are insurable and not otherwise covered in items (ai) to (ev).