Common use of Maintenance of obligatory insurances Clause in Contracts

Maintenance of obligatory insurances. Each Borrower shall keep the Ship owned by it insured at the expense of that Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks; (d) any other risks against which the Security Trustee considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee be reasonable for that Borrower to insure and which are specified by the Security Trustee by notice to that Borrower.

Maintenance of obligatory insurances. Each Borrower shall keep the Ship owned by it insured at the expense of that Borrower against: (a) fire and usual marine risks (including increased value, hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks;risks (including excess war risk P&I cover); and (d) any other risks (other than loss of hire) against which the Security Trustee considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee be reasonable for that Borrower to insure and which are specified by the Security Trustee by notice to that Borrower.

Maintenance of obligatory insurances. Each Borrower shall keep the Ship owned by it insured at the expense of that Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks;; and (d) any other risks against which the Security Trustee considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee be reasonable for that Borrower to insure and which are specified by the Security Trustee by notice to that Borrower.

Maintenance of obligatory insurances. Each The Borrower shall keep the Ship owned by it insured at the expense of that the Borrower against: (a) fire and usual marine risks (including hull and machinery machinery, hull and freight interest and excess risks); (b) war risksrisks (including, without limitation, risks relating to terrorism, piracy, war risk P&I and confiscation); (c) protection and indemnity risks;; and (d) any other risks against which the Security Trustee considerswhich, having regard to practices and other circumstances prevailing at the relevant time, it would time and in the reasonable opinion of the Security Trustee requiring it, would be reasonable for that the Borrower to insure and which are specified by the Security Trustee by notice to that Borrowerinsure.

Maintenance of obligatory insurances. Each Borrower shall keep the Ship owned by it insured at the expense of that Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risksrisks (including terrorism, piracy and confiscation); (c) protection and indemnity risks (other than loss of hire or political risks;); and (d) any other risks against which the Security Trustee considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee be reasonable for that Borrower to insure and which are specified by the Security Trustee by notice to that Borrower.

Maintenance of obligatory insurances. Each The Borrower shall procure that each Owner shall keep the Ship owned by it insured at the expense of that Borrower Owner against: (a) fire and usual marine risks (including hull and machinery and excess risks);; and (b) war risks;; and (c) protection and indemnity risks;; and (d) any other risks against which the Security Trustee Lender considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee Lender be reasonable for that Borrower Owner to insure and which are specified by the Security Trustee Lender by notice to that BorrowerOwner.

Maintenance of obligatory insurances. Each Ship Owning Borrower shall keep the Ship owned by it insured at the expense of that Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks;; and (d) any other risks against which the Security Trustee Lender considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee Lender be reasonable for that Borrower to insure and which are specified by the Security Trustee Lender by notice to that Borrower.

Maintenance of obligatory insurances. Each The Borrower shall procure that the Owner shall keep the Ship owned by it insured at the expense of that Borrower the Owner against: (a) fire and usual marine risks (including hull and machinery and excess risks);; and (b) war risks;; and (c) protection and indemnity risks;; and (d) any other risks against which the Security Trustee Lender considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee Lender be reasonable for that Borrower the Owner to insure and which are specified by the Security Trustee Lender by notice to that Borrowerthe Owner.

Maintenance of obligatory insurances. Each Borrower shall keep the Ship owned by it insured at the its expense of that Borrower against: (a) fire and usual marine risks (including hull and machinery machinery, increased value and excess risks); (b) war risksrisks (including blocking and trapping); (c) protection and indemnity risks;; and (d) any other risks against which the Security Trustee Facility Agent acting on the instructions of the Majority Xxxxxxx considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee be reasonable for that Borrower to insure and which are specified by the Security Trustee Facility Agent by notice to that Borrower.

Maintenance of obligatory insurances. Each The Borrower shall procure that each Owner shall keep the Ship owned by it insured at the expense of that Borrower Owner against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks; (d) any other risks against which the Security Trustee considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee be reasonable for that Borrower Owner to insure and which are specified by the Security Trustee by notice to that BorrowerOwner.

Maintenance of obligatory insurances. Each Borrower shall keep the Ship owned by it insured at the expense of that such Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks;; and (d) any other risks against which the Security Trustee Lender considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee Lender be reasonable for that such Borrower to insure and which are specified by the Security Trustee Lender by notice to that such Borrower.

Maintenance of obligatory insurances. Each Borrower shall keep the Ship owned by it insured at the expense of that such Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks; (d) in respect of the Initial Charters, Credit Default Insurance; and (e) any other risks against which the Security Trustee considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee be reasonable for that such Borrower to insure and which are specified by mutually agreed between the Security Trustee by notice to that and such Borrower.

Maintenance of obligatory insurances. Each Borrower shall keep the Ship owned by it insured at the its expense of that Borrower against: (a) fire and usual marine risks (including hull and machinery machinery, increased value and excess risks); (b) war risksrisks (including blocking and trapping); (c) protection and indemnity risks;; and (d) any other risks against which the Security Trustee Facility Agent acting on the instructions of the Majority Lxxxxxx considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee be reasonable for that Borrower to insure and which are specified by the Security Trustee Facility Agent by notice to that Borrower.

Maintenance of obligatory insurances. Each The Borrower shall procure that each Owner shall keep the Ship owned by it insured at the expense of that Borrower Owner against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks;; and (d) any other risks against which the Security Trustee Lender considers, having regard to practices and other circumstances prevailing at the relevant time, it would would, in the opinion of the Security Trustee Lender, be reasonable for that Borrower Owner to insure and which are specified by the Security Trustee Lender by notice to that BorrowerOwner.

Maintenance of obligatory insurances. Each Borrower Owner shall keep the Ship owned by it insured at the expense of that Borrower Owner against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks;; and (d) any other risks against which the Security Trustee considers, considers having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee be reasonable for that Borrower Owner to insure and which are specified by the Security Trustee by notice to that BorrowerOwner.

Maintenance of obligatory insurances. Each The Borrower shall procure that each Owner shall keep the Ship owned by it insured at the expense of that Borrower Owner against: (a) fire and usual marine risks (including for hull and machinery and including excess risks);; and (b) war risks (including war risks;, P&I and terrorism); and (c) protection and indemnity risks;; and (d) any other risks against which the Security Trustee considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee be reasonable for that Borrower Owner to insure and which are specified by the Security Trustee by notice to that BorrowerOwner.

Maintenance of obligatory insurances. Each The Borrower shall keep the Ship owned by it insured at the its expense of that Borrower against: (a) fire and usual marine risks (including hull and machinery machinery, loss of hire and excess risks); (b) war risks; (c) protection and indemnity risks;; and (d) any other risks against which the Security Trustee Lender considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee Lender be reasonable for that the Borrower to insure and which are specified by the Security Trustee Lender by notice to that the Borrower.

Maintenance of obligatory insurances. Each Borrower shall keep or cause to keep the Ship owned by it insured at the its expense of that Borrower against: (a) fire and usual marine risks (including hull and machinery machinery, hull interest, freight interest and excess risks); (b) war risks; (c) protection and indemnity risks;; and (d) any other risks against which the Security Trustee considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee be reasonable for that Borrower to insure and which are specified by the Security Trustee by notice to that Borrower.

Maintenance of obligatory insurances. Each Borrower shall keep the Ship owned by it insured at the its expense of that Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks;; and (d) any other risks against which the Security Trustee Facility Agent acting on the instructions of the Majority Lenders considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee be reasonable for that Borrower to insure and which are specified by the Security Trustee Facility Agent by notice to that Borrower.

Maintenance of obligatory insurances. Each Borrower shall keep the Ship owned by it insured at the expense of that Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks;; and (d) any other risks against which the Security Trustee considersconsiders (acting on the instructions of the Lenders), having regard to practices and other circumstances prevailing at the relevant time, it would would, in the opinion of the Security Trustee Trustee, be reasonable for that the Borrower to insure and which are specified by the Security Trustee by notice to that Borrower.

Maintenance of obligatory insurances. Each Borrower shall keep the Ship owned by it insured at the expense of that Borrower against: (a) fire and usual marine risks (including increased value, hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks;risks (including excess war risk P&I cover); and (d) any other risks against which the Security Trustee considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee be reasonable for that Borrower to insure and which are specified by the Security Trustee by notice to that Borrower.

Maintenance of obligatory insurances. Each The Borrower shall keep the Ship owned by it insured at the expense of that the Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks;; and (d) any other risks against which the Security Trustee considersMajority Lenders consider, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee Majority Lenders be reasonable for that the Borrower to insure and which are specified by the Security Trustee by notice to that the Borrower.

Maintenance of obligatory insurances. Each Borrower shall keep the Ship owned by it insured at the expense of that Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks; (d) risk of loss of Earnings; and (e) any other risks against which the Security Trustee Agent considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee Agent be reasonable for that Borrower to insure and which are specified by the Security Trustee Agent by notice to that Borrower.

Maintenance of obligatory insurances. Each The Borrower shall keep the Ship owned by it insured at the expense of that the Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risksrisks (including blocking and trapping); (c) protection and indemnity risks;; and (d) any other risks against which the Security Trustee considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee be reasonable for that the Borrower to insure and which are specified by the Security Trustee by notice to that the Borrower.

Maintenance of obligatory insurances. Each The Borrower shall procure that each Owner of a Mortgaged Ship shall keep the Ship owned by it insured at the its expense of that Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks;; and (d) any other risks against which the Security Trustee Lender considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee Lender be reasonable for that Borrower such Owner to insure and which are specified by the Security Trustee Lender by notice to that Borrowersuch Owner.

Maintenance of obligatory insurances. Each The Borrower shall keep the Financed Ship owned by it insured at the expense of that the Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks;risks (all classes); and (d) any other risks against which the Security Trustee Lender considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee Lender be reasonable for that the Borrower to insure and which are specified by the Security Trustee Lender by notice to that the Borrower.

Maintenance of obligatory insurances. Each Borrower It shall keep the Ship owned by it insured at the expense of that Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks;; and (d) any other risks against which the Security Trustee Lender considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee Lender be reasonable for that Borrower to insure and which are specified by the Security Trustee Lender by notice to that Borrower.

Maintenance of obligatory insurances. Each Borrower shall keep the Ship owned by it insured at the expense of that Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks;; and (d) any other risks against which the Security Trustee Lender considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the reasonable opinion of the Security Trustee Lender be reasonable for that Borrower a prudent owner to insure and which are specified by the Security Trustee Lender by notice to that Borrower.

Maintenance of obligatory insurances. Each The Borrower shall procure that each Owner shall keep the Ship owned by it insured at the expense of that Borrower Owner against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks;; and (d) any other risks against which the Security Trustee considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee be reasonable for that Borrower Owner to insure and which are specified by the Security Trustee by notice to that BorrowerOwner.

Maintenance of obligatory insurances. Each The Borrower shall procure that each Owner shall keep the its Ship owned by it insured at the expense of that Borrower Owner against: (a) fire and usual marine risks (including hull and machinery and excess risks);; and (b) war risks;; and (c) protection and indemnity risks;; and (d) any other risks against which the Security Trustee Lender considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee Lender be reasonable for that Borrower the Owner to insure and which are specified by the Security Trustee Lender by notice to that Borrowerthe Owner.

Maintenance of obligatory insurances. Each The Borrower shall procure that the Owner shall keep the Ship owned by it insured at the expense of that Borrower the Owner against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks;; and (c) protection and indemnity risks;; and (d) any other risks against which the Security Trustee Lender considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee Lender be reasonable for that Borrower the Owner to insure and which are specified by the Security Trustee Lender by notice to that Borrowerthe Owner.

Maintenance of obligatory insurances. Each Borrower shall keep the Ship owned by it insured at the its expense of that Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks;; and (d) any other risks against which the Security Trustee Lender considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee be reasonable for that Borrower to insure and which are specified by the Security Trustee Lender by notice to that BorrowerXxxxxxxx.

Maintenance of obligatory insurances. Each Borrower shall keep the Ship owned by it insured at the expense of that Borrower against: (a) fire and usual marine risks (including hull and machinery machinery, hull and freight interest and excess risks); (b) war risksrisks (including, without limitation, risks relating to terrorism, piracy, war risk P&I and confiscation); (c) protection and indemnity risks;; and (d) any other risks against which the Security Trustee considerswhich, having regard to practices and other circumstances prevailing at the relevant time, it would time and in the reasonable opinion of the Security Trustee requiring it, would be reasonable for that Borrower to insure and which are specified by the Security Trustee by notice to that Borrowerinsure.

Maintenance of obligatory insurances. Each The Borrower shall keep the Ship owned by it insured at the its own expense of that Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks (including protection and indemnity war risks);; (c) protection and indemnity risks;; and (d) any other risks against which the Security Trustee considersMajority Lenders consider, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee Majority Lenders be reasonable for that the Borrower to insure and which are specified by the Security Trustee by notice to that the Borrower.

Maintenance of obligatory insurances. Each Ship Owning Borrower shall keep the Ship owned by it insured at the expense of that Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks; (d) any other risks against which the Security Trustee considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee be reasonable for that Borrower to insure and which are specified by the Security Trustee by notice to that Borrower.

Maintenance of obligatory insurances. Each The Borrower shall keep the Ship owned by it insured at the its expense of that Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks;; and (d) any other risks against which the Security Trustee considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee be reasonable for that the Borrower to insure and which are specified by the Security Trustee by notice to that the Borrower.

Maintenance of obligatory insurances. Each The Borrower shall keep the Ship owned by it insured at the expense of that the Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks;; and (d) any other risks against which the Security Trustee Lender considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the reasonable opinion of the Security Trustee Lender be reasonable for that Borrower a prudent owner to insure and which are specified by the Security Trustee Lender by notice to that the Borrower.

Maintenance of obligatory insurances. Each The Borrower shall keep the Ship owned by it insured at the expense of that the Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks);; and (b) war risks;risks (including acts of terrorism and piracy); and (c) protection and indemnity risks;risks (including maximum cover for pollution liability); and (d) any other risks against which the Security Trustee considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee be reasonable for that the Borrower to insure and which are specified by the Security Trustee by notice to that the Borrower.

Maintenance of obligatory insurances. Each Borrower Debtor shall keep the each Collateral Ship owned by it insured at the its expense of that Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks;; and (d) any other risks against which the Security Trustee Agent considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee be reasonable for that Borrower Debtor to insure and which are specified by the Security Trustee Agent by notice to that BorrowerDebtxx.

Maintenance of obligatory insurances. Each The Borrower shall keep the Ship owned by it insured at the expense of that the Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risksrisks and blocking and trapping); (b) war risks; (c) protection and indemnity risksrisks (including freight, demurrage and defence); (d) risk of loss of Earnings; and (e) any other risks against which the Security Trustee considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee be reasonable for that the Borrower to insure and which are specified by the Security Trustee by notice to that the Borrower.

Maintenance of obligatory insurances. Each Borrower It shall keep the Ship owned by it insured at the expense of that Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks; (d) risk of loss of Earnings; and (e) any other risks against which the Security Trustee considersMajority Lenders consider, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee Majority Lenders be reasonable for that Borrower to insure and which are specified by the Security Trustee by notice to that Borrower.

Maintenance of obligatory insurances. Each Borrower shall keep the Ship each Vessel owned by it insured insured, at the expense of that Borrower its own expense, against: (ai) fire and usual marine risks (including hull and machinery and excess risks); (bii) war risks; (ciii) protection and indemnity risks;; and (div) any other risks (excluding loss of earnings insurance) against which the Security Trustee considersIFC may advise, having regard to practices and other circumstances prevailing at the relevant time, that it would in the opinion of the Security Trustee be reasonable for that such Borrower to insure and which are insure, as specified by the Security Trustee IFC by notice to that such Borrower.

Maintenance of obligatory insurances. Each The Borrower shall procure that the Owner shall keep the Ship owned by it insured at the expense of that Borrower the Owner against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks;; and (d) any other risks against which the Security Trustee Lender considers, having regard to practices and other circumstances prevailing at the relevant time, it would would, in the opinion of the Security Trustee Lender, be reasonable for that Borrower the Owner to insure and which are specified by the Security Trustee Lender by notice to that Borrowerthe Owner.

Maintenance of obligatory insurances. Each The Borrower shall procure that the Owner shall keep the Ship owned by it insured at the expense of that Borrower the Owner against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks; (d) any other risks against which the Security Trustee Lender considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee Lender be reasonable for that Borrower the Owner to insure and which are specified by the Security Trustee Lender by notice to that Borrowerthe Owner.

Maintenance of obligatory insurances. Each The Borrower shall keep the Ship owned by it Ship, at all times during the Security Period, insured at the its own expense of that Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks);; and (b) war risks;; and (c) protection and indemnity risks;mean the usual risks including liability for oil pollution and excess war risk P&I cover; and (d) any other risks against which the Security Trustee considersLenders consider, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee Lenders be reasonable for that the Borrower to insure and which are specified by the Security Trustee by notice to that the Borrower.

Maintenance of obligatory insurances. Each Borrower shall keep the its Ship owned by it insured at the expense of that Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risks; (c) protection and indemnity risks; (d) any other risks against which the Security Trustee Lender considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee Lender be reasonable for that Borrower to insure and which are specified by the Security Trustee Lender by notice to that Borrower.

Maintenance of obligatory insurances. Each Borrower shall keep procure that the Ship owned by it is insured at the its expense of that Borrower against: (a) fire and usual such other risks as are usually contained within a standard marine risks (including insurance policy and/or increased value and disbursements policy covering the hull and machinery and excess risks)of such Ship; (b) war risks; (c) protection and indemnity risks;; and (d) any other risks against which the Security Trustee considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee be reasonable for that the relevant Borrower to insure and which are specified by the Security Trustee by notice to that the relevant Borrower.

Maintenance of obligatory insurances. Each Borrower shall keep the Ship owned by it insured at the its expense of that Borrower against: (a) fire and usual marine risks (including hull and machinery and excess risks); (b) war risksrisks (including blocking and trapping); (c) protection and indemnity risks; (d) any other risks against which the Security Trustee considers, having regard to practices and other circumstances prevailing at the relevant time, it would in the opinion of the Security Trustee be reasonable for that Borrower to insure and which are specified by the Security Trustee by notice to that Borrower.