P&I insurance Sample Clauses

P&I insurance. Except to the extent of those risks covered by H&M Cover, the Owner must ensure, and it hereby warrants, that each Vessel for which it submits an Application will, for the duration of the Access Period, be covered by P&I Cover with a member club of the International Group of P&I Clubs, including cover against oil pollution claims in the amount and on the terms commonly provided by the International Group of P&I Clubs for that type of Vessel and its terms of entry and membership. In the event that the Vessel is insured by a P&I Club not a member of the International Group of P&I Clubs, the Owner must inform Port of Melbourne of the details of the Vessel’s P&I Cover and the relevant insurer at the time of lodging the Application.
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P&I insurance. 20.1.1. Except to the extent of those risks covered by H&M Cover, the Owner must ensure, and it hereby warrants, that the Owner and each Vessel for which it submits an Application will, for the duration of the Access Period, be covered by P&I Cover with a member club of the International Group of P&I Clubs, including but not limited to cover against oil pollution, wreck removal, property damage and personal injury claims in the amount and on the terms commonly provided by the International Group of P&I Clubs for that type of Vessel and its terms of entry and membership.
Sample 1
P&I insurance. 195 NOTICES Any notice to be given by any party will be sufficiently served if sent by hand, by facsimile transmission or by post to the registered office or if there is none the last known address of the party to be served. Any notice sent by hand will be deemed to be served on the date of delivery and any notice sent by facsimile transmission will be deemed to be served in full at the time recorded on the facsimile report sheet, provided that if any notice sent by hand or facsimile is sent after 4.45 pm on any day it will be deemed to be served on the next Business Day. Any notice sent by post will be deemed to have been duly served at the expiration of forty-eight (48) hours after the time of posting if the end of that period falls before 4.45pm on a Business Day and otherwise on the next Business Day.
Sample 1
P&I insurance. Except to the extent of those risks covered by H&M Cover, the Owner must ensure, and it hereby warrants, that the Owner and each Vessel for which it submits an Application will, for the duration of the Access Period, be covered by P&I Cover with a member club of the International Group of P&I Clubs, including but not limited to cover against oil pollution, wreck removal, property damage and personal injury claims in the amount and on the terms commonly provided by the International Group of P&I Clubs for that type of Vessel and its terms of entry and membership. In the event that the Vessel is insured by a P&I Club not a member of the International Group of P&I Clubs, the Owner must inform VPCM of the details of the Vessel’s P&I Cover and the relevant insurer at the time of lodging the Application and VPCM may in its absolute discretion decline the Application and refuse access to the Common User Wharves and Common User Terminals.
Sample 1
P&I insurance. 3.2.6.1. Ocean Tanker and Ocean Barges. Each Vessel which uses the Terminal must carry collision liability insurance with a limit equal to or greater than the full market value of the Vessel and P&I Insurance, including coverages for injury to or death of the Vessel’s master, mates and crew and liabilities imposed under any applicable compensation act, excess collision liabilities and pollution liabilities imposed by federal and state laws. Limits of liability for sea-going Vessels may not be less than that required under federal and state laws or U.S. $250 million per occurrence, whichever is greater. The Vessel Party warrants that, throughout Vessel’s service under this Agreement, the Vessel will have full and valid P&I Insurance and valid Excess Pollution Liability Insurance (“Excess Insurance”) as described below, with the P&I Insurance placed with a P&I Club that is a member of the International Group of P&I Clubs. The P&I Insurance and Excess Insurance will be at no additional cost to the other party to this Agreement. The Vessel Party or the P&I Insurance must include coverage against liability for Cargo loss/damage for the full value of the Cargo. The P&I Insurance must also include coverage against liability for pollution for an amount not less than U.S. $ 1 billion per incident. If requested at any time during this Agreement, the Vessel Party must promptly furnish to the other party reasonable evidence of such P&I Insurance and Excess Insurance. The warranty set forth above is an essential part of this Agreement and the obligations of the other party under this Agreement are conditional on the truth and performance of such warranty. Any breach of the above warranty entitles the other party to whom the warranty is given to terminate this Agreement or to recover any damages allowable in law.‌
Sample 1

Related to P&I insurance

  • Umbrella Insurance During the term of this Contract, Supplier will maintain umbrella coverage over Employer’s Liability, Commercial General Liability, and Commercial Automobile. Minimum Limits: $2,000,000

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • ADDITIONAL INSURED ENDORSEMENT AND PRIMARY AND NON-CONTRIBUTORY INSURANCE CLAUSE Supplier agrees to list Sourcewell and its Participating Entities, including their officers, agents, and employees, as an additional insured under the Supplier’s commercial general liability insurance policy with respect to liability arising out of activities, “operations,” or “work” performed by or on behalf of Supplier, and products and completed operations of Supplier. The policy provision(s) or endorsement(s) must further provide that coverage is primary and not excess over or contributory with any other valid, applicable, and collectible insurance or self-insurance in force for the additional insureds.

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