Oil Pollution. The Mortgagor shall on behalf and for the benefit ------------- of itself and the Mortgagee (i) when required by law, maintain a Certificate of Financial Responsibility (Oil Pollution) issued by the United States Coast Guard pursuant to the Oil Pollution Act of 1990, as amended, and (ii) maintain such additional coverage for the Vessel in respect of oil pollution liability as may be customary among prudent owners of similar vessels from time to time.
Appears in 2 contracts
Samples: Preferred Ship Mortgage (Shreveport Capital Corp), Second Preferred Ship Mortgage (HWCC Shreveport Inc)
Oil Pollution. The Mortgagor shall on behalf and for the benefit ------------- of itself and the Mortgagee (i) when required by law, maintain a Certificate of Financial Responsibility (Oil Pollution) issued by the United States Coast Guard pursuant to the Oil Pollution Act of 1990, as amended, and (ii) maintain such additional coverage for the Vessel Vessels in respect of oil pollution liability as may be customary among prudent owners of similar vessels from time to time.
Appears in 1 contract
Samples: First Preferred Fleet Mortgage (HWCC Shreveport Inc)
Oil Pollution. The Mortgagor shall on behalf and for the ------------- benefit ------------- of itself and the Mortgagee (i) when required by law, maintain a Certificate of Financial Responsibility (Oil Pollution) issued by the United States Coast Guard pursuant to the Oil Pollution Act of 1990, as amended, and (ii) maintain such additional coverage for the Vessel in respect of oil pollution liability as may be customary among prudent owners of similar vessels from time to time.
Appears in 1 contract
Samples: First Preferred Ship Mortgage (HWCC Shreveport Inc)
