Motor Vehicle Third-Party Insurance Scheme. 1. The road vehicle entering the territory of the other Contracting Party shall strictly comply with the laws and regulations related to third-party insurance covering for the insurance of their means of transport to cover third-party liability incurred in the course of transit transport. 2. The Contracting Parties undertake to harmonize or establish a common ASEAN scheme of compulsory motor vehicle third-party liability insurance to be specified in Protocol 5. 3. The ASEAN scheme of compulsory motor vehicle third-party liability insurance shall provide, at least, all the guarantees required by the laws and regulations governing compulsory motor vehicle third-party insurance in the Contracting Parties.
Appears in 9 contracts
Samples: Asean Framework Agreement on the Facilitation of Goods in Transit, Asean Framework Agreement on the Facilitation of Goods in Transit, Framework Agreement
Motor Vehicle Third-Party Insurance Scheme. 1. The road vehicle entering the territory of the other Contracting Party shall strictly comply with the laws and regulations related to third-party insurance covering for the insurance of their means of transport to cover third-party liability incurred in the course of transit transport.transit
2. The Contracting Parties undertake to harmonize or establish a common ASEAN scheme of compulsory motor vehicle third-party liability insurance to be specified in Protocol 55 .
3. The ASEAN scheme of compulsory motor vehicle third-party liability insurance shall provide, at least, all the guarantees required by the laws and regulations governing compulsory motor vehicle third-party insurance in the Contracting Parties.
Appears in 2 contracts
Samples: Agreement on the Common Effective Preferential Tariff Scheme for the Asean Free Trade Area, Agreement on the Common Effective Preferential Tariff Scheme for the Asean Free Trade Area
Motor Vehicle Third-Party Insurance Scheme. 1. The road vehicle entering the territory of the other Contracting Party shall strictly comply with the laws and regulations related to third-party insurance covering for the insurance of their means of transport to cover third-party liability incurred in the course of transit transport.
2. The Contracting Parties undertake to harmonize or establish a common ASEAN scheme of compulsory motor vehicle third-party liability insurance to be specified in Protocol 5.
3. The ASEAN scheme of compulsory motor vehicle third-party liability insurance shall provide, at least, all the guarantees required by the laws and regulations governing compulsory motor vehicle third-party insurance in the Contracting Parties.
Appears in 2 contracts
Samples: Asean Framework Agreement on the Facilitation of Goods in Transit, Asean Framework Agreement on the Facilitation of Goods in Transit
