Common use of Insurances to be maintained by the Contractor Clause in Contracts

Insurances to be maintained by the Contractor. Without prejudice to the liability of the Contractor under this Contract, the Contractor shall: (a) insure the Contractor’s Equipment for not less than the full replacement cost; (b) insure Materials for not less than the full reinstatement cost; and (c) effect and maintain insurance against liability for claims, damages, losses and expenses (including legal fees and expenses) arising from injury, sickness, disease or death of any person employed by the Contractor or any other of the Contractor’s Personnel. (d) insure the Works at the Site in the names of the Contractor and Subcontractors for not less than the full reinstatement cost. The insurance shall be effective from the Commencement Date of the installation on site until the date of issue of the Taking-Over Certificate of the Works; (e) effect marine transit insurance including loading and unloading risks in the names of Employer, subject to DDP Incoterms 2010 shipment and Contractor in an amount equal to 110% of the value of those items of Goods and/or materials being shipped by or on behalf of the Contractor in accordance with DDP Incoterms 2010. The insurance to attach from commencement of transit until delivery to the Site. (f) effect third party liability insurance in respect of the Works at the Site in the names of Contractor and Subcontractors against each party’s liability for loss, damage, death or bodily injury which may occur to any physical property (but excluding the Works and Contractor’s Equipment) or to any person (but excluding liabilities insured under clause 18.3 (c)) in the amount of EUR 5 million. The insurance shall be effective from the Commencement Date of the installation on site until the date of issue of the Taking-Over Certificate of the Works. For the avoidance of doubt such insurance shall not extend to liability arising from the ownership or operation of marine vessels. (g) effect and maintain such other insurances in compliance with prevailing legislation. The insurance shall be maintained in full force and effect during the whole time that these personnel are executing or assisting in the execution of the Works. For a Subcontractor’s employees, the insurance may be effected by the Subcontractor, but the Contractor shall be responsible for compliance with this clause.

Insurances to be maintained by the Contractor. Without prejudice to the liability of the Contractor under this Contract, the Contractor shall: 1 To be verified by DCT's insurance broker and might be modified at the later stage. (a) insure the Contractor’s Equipment for not less than the full replacement cost; (b) insure Materials for not less than the full reinstatement cost; andused (c) effect and maintain insurance against Contractor’s liability for claims, damages, losses and expenses (including legal fees and expenses) arising from injury, sickness, disease or death of any person employed by the Contractor or any other of the Contractor’s Personnel. (d) insure the Works at the Site in the names of the Contractor and Subcontractors Contractor, for not less than the full reinstatement cost. The insurance shall be effective from the Commencement Date of the installation on site until the date of issue of the Taking-Over Certificate is issued (or deemed to be issued under sub-clause 10.1 [Taking Over of the Works and Sections]) for the Works. Such insurance shall contain deductibles no greater than EUR 170,000 each and every loss;; (e) effect marine transit insurance including loading and unloading risks in the names name of Employerthe Contractor, subject to DDP Incoterms 2010 shipment and Contractor in an amount equal to 110% of not less than the value full reinstatement cost of those items of Goods and/or materials being shipped by or on behalf of the Contractor in accordance with DDP Incoterms 2010Contractor. The insurance to attach from commencement of transit until delivery to the Site, include the Institute Cargo War and Strikes clauses and have a deductible that does not exceed EUR 150,000 each loss. To the extent that the risk of loss or damage to the Goods being shipped is according to sub-clauses 17.2 and 17.3 with the Employer, the Employer and the Lenders shall be included as a named insured under such marine transit insurance and - to such extent - such marine transit insurance shall provide that all monies due under such marine transit insurance shall be paid to the Employer unless otherwise directed by the Lenders appointed agent or trustee;. (f) effect third party liability insurance in respect of the Works Contractor’s operations at the Site in the names of Contractor Contractor, against the Contractor’s and Subcontractors against each partyits sub-contractor’s liability for loss, damage, death or bodily injury which may occur to any physical property (but excluding the Works and Contractor’s Equipment) or to any person (but excluding liabilities insured under sub-clause 18.3 (c)) in the amount of EUR 5 million20 million with a deductible that does not exceed EUR 500,000 per occurrence. The insurance shall be effective from the Commencement Date of the installation on site until the date of issue of the Taking-Over Certificate is issued (or deemed to be issued under sub-clause 10.1 [Taking Over of the Works and Sections]) for the Works. For the avoidance of doubt such insurance shall not extend to liability arising from the ownership or operation of marine vessels.; and (g) effect and maintain such other insurances in compliance with prevailing legislation. The insurance shall be maintained in full force and effect during the whole time that these personnel are executing or assisting in the execution of the Works. For a Subcontractor’s employees, the insurance may be effected by the Subcontractor, but the Contractor shall be responsible for compliance with this clause.

Insurances to be maintained by the Contractor. Without prejudice to the liability of the Contractor under this Contract, the Contractor shall: (a) insure the Contractor’s Equipment for not less than the full replacement cost; (b) insure Materials for not less than the full reinstatement cost; and (c) effect and maintain insurance against liability for claims, damages, losses and expenses (including legal fees and expenses) arising from injury, sickness, disease or death of any person employed by the Contractor or any other of the Contractor’s Personnel. (d) insure the Works at the Site in the names of the Contractor and Subcontractors for not less than the full reinstatement cost. The insurance shall be effective from the Commencement Date of the installation on site until the date of issue of the Taking-Over Certificate of the Works; (e) effect marine transit insurance including loading and unloading risks in the names of Employer, subject to DDP Incoterms 2010 shipment and Contractor in an amount equal to 110% of the value of those items of Goods and/or materials being shipped by or on behalf of the Contractor in accordance with DDP Incoterms 2010. The insurance to attach from commencement of transit until delivery to the Site. (f) effect third party liability insurance in respect of the Works at the Site in the names of Contractor and Subcontractors against each party’s liability for loss, damage, death or bodily injury which may occur to any physical property (but excluding the Works and Contractor’s Equipment) or to any person (but excluding liabilities insured under clause 18.3 (c)) in the amount of EUR 5 10 million. The insurance shall be effective from the Commencement Date of the installation on site until the date of issue of the Taking-Over Certificate of the Works. For the avoidance of doubt such insurance shall not extend to liability arising from the ownership or operation of marine vessels. (g) effect and maintain such other insurances in compliance with prevailing legislation. The insurance shall be maintained in full force and effect during the whole time that these personnel are executing or assisting in the execution of the Works. For a Subcontractor’s employees, the insurance may be effected by the Subcontractor, but the Contractor shall be responsible for compliance with this clause.