Common use of Maintenance of Insurances Clause in Contracts

Maintenance of Insurances. The Vessel shall be kept insured at no cost to the Lender Finance Parties against: (a) fire and usual marine risks (including excess risks) and war risks (including terrorism, sabotage, vandalism, malicious mischief, blocking and trapping); (b) protection and indemnity risks (including pollution risks) and excess war protection and indemnity risks, on “full entry” terms; (c) in respect of such other matters of whatsoever nature and howsoever arising in respect of which insurance would be maintained by a prudent owner or operator of vessels of a similar age, condition and type as the Vessel; and (d) loss of hire for a minimum cover period of (i) one hundred and eighty (180) days, with a maximum deductible of fourteen (14) days or (ii) following receipt of a written request from the Agent, such longer period as may from time to time be reasonably and commercially available in the insurance market for vessels of similar age, size and type as the Vessel, and for a rate of hire at least equal to the rate set out in the Time Charter.

Maintenance of Insurances. The Vessel shall be kept insured at no cost to the Lender Finance Parties against: (a) fire and usual marine risks (including excess risks) and war risks (including terrorism, sabotage, vandalism, malicious mischief, blocking and trapping); (b) protection and indemnity risks (including pollution risks) and excess war protection and indemnity risks, on “full entry” terms; (c) in respect of such other matters of whatsoever nature and howsoever arising in respect of which insurance would be maintained by a prudent owner or operator of vessels of a similar age, condition and type as the Vessel; and (d) loss of hire hire,for a minimum cover period of (i) one hundred and eighty (180) days, with a maximum deductible of fourteen (14) days or (ii) following receipt of a written request from the Agent, such longer period as may from time to time be reasonably and commercially available in the insurance market for vessels of similar age, size and type as the Vessel, and for a rate of hire at least equal to the rate set out in the Time Charter.

Maintenance of Insurances. The Vessel shall be kept insured at no cost to the Lender Finance Parties against: (a) fire and usual marine risks (including excess risks) and war risks (including terrorism, sabotage, vandalism, malicious mischief, blocking and trapping); (b) protection and indemnity risks (including pollution risks) and excess war protection and indemnity risks, on “full entry” terms; (c) in respect of such other matters of whatsoever nature and howsoever arising in respect of which insurance would be maintained by a prudent owner or operator of vessels of a similar age, condition and type as the Vessel; and (d) loss of hire hire. for a minimum cover period of (i) one hundred and eighty (180) days, with a maximum deductible of fourteen (14) days or (ii) following receipt of a written request from the Agent, such longer period as as_ may from time to time be reasonably and commercially available in the insurance market for vessels of similar age, size and type as the Vessel, and for a rate of hire at least equal to the rate set out in the Time Charter.