LNG Vessel Insurance. Customer shall ensure that insurances are procured and maintained for each LNG Vessel in accordance with the following provisions. In all cases, such insurance shall establish insurance coverages consistent with insurances to the standards which a ship owner operating reputable LNG vessels, as a Reasonable and Prudent Operator, should observe in insuring LNG vessels of similar type, size, age and trade as such LNG Vessel. In this regard:
Appears in 5 contracts
Samples: LNG Terminal Use Agreement (Sabine Pass LNG, L.P.), Shareholders Agreement (Cheniere Energy Inc), LNG Terminal Use Agreement (Cheniere Energy Inc)
LNG Vessel Insurance. Customer shall ensure that insurances are procured and maintained for each LNG Vessel in accordance with the following provisions. In all cases, such insurance shall establish insurance coverages consistent with insurances to the standards which a ship owner shipowner operating reputable LNG vessels, as a Reasonable and Prudent Operator, should observe in insuring LNG vessels of similar type, size, age and trade as such LNG Vessel. In this regard:
Appears in 2 contracts
Samples: LNG Terminal Use Agreement (Cheniere Energy Inc), Omnibus Agreement (Cheniere Energy Inc)
LNG Vessel Insurance. Customer shall ensure that insurances are procured and maintained for each LNG Vessel procures and maintains (i) insurance in accordance with the following provisions; or (ii) self-insurance reasonably acceptable to FLNG. In all casesExcept in the case of self-insurance, such insurance shall establish insurance coverages consistent with insurances to the standards which a ship owner shipowner operating reputable LNG vessels, as a Reasonable and Prudent Operator, should observe in insuring LNG vessels of similar type, size, age and trade as such LNG Vessel. In this regard:
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LNG Vessel Insurance. Customer Seller shall ensure that insurances are procured and maintained for each LNG Vessel in accordance with the following provisions. In all cases, such insurance shall establish insurance coverages consistent with insurances to the standards which a ship owner operating reputable LNG vessels, as a Reasonable and Prudent OperatorPerson, should observe in insuring LNG vessels of similar type, size, age and trade as such LNG Vessel. In this regard:
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