Common use of Ocean Transit Clause in Contracts

Ocean Transit. Seller shall take reasonable action to ensure that the risk of loss or damage to any material items of equipment which are subject to ocean transit is adequately protected against by the terms of delivery from contractors or suppliers of such equipment or Seller's own insurance coverage.

Appears in 26 contracts

Sources: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

Ocean Transit. Seller shall take reasonable action to ensure that the risk of loss or damage to any material items of equipment which are subject to ocean transit is adequately protected against by the terms of delivery from contractors or suppliers of such equipment or Seller's ’s own insurance coverage.

Appears in 8 contracts

Sources: Power Purchase Agreement (Hawaiian Electric Co Inc), Energy Storage Power Purchase Agreement, Energy Storage Power Purchase Agreement

Ocean Transit. The Seller shall take reasonable action to ensure that the risk of loss or damage to any material items of equipment which are subject to ocean transit is adequately protected against by the terms of delivery from contractors or suppliers of such equipment or the Seller's ’s own insurance coverage.

Appears in 1 contract

Sources: Power Purchase Agreement (Hawaiian Electric Industries Inc)