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Common use of P&I Clause in Contracts

P&I. the Borrower or any other person fails or omits to comply with any requirements of the protection and indemnity association or other insurer with which the Ship is entered for insurance or insured against protection and indemnity risks (including oil pollution risks) to the effect that any cover (including, without limitation, any cover in respect of liability for Environmental Claims arising in jurisdictions where the Ship operates or trades) is or may be liable to cancellation, qualification or exclusion at any time; or

Appears in 7 contracts

Samples: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)

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P&I. the Borrower or any Owner or any other person fails or omits to comply with any requirements of the protection and indemnity association or other insurer with which the a Ship is entered for insurance or insured against protection and indemnity risks (including oil pollution risks) to the effect that any cover (including, without limitation, any cover in respect of liability for Environmental Claims arising in jurisdictions where the such Ship operates or trades) is or may be liable to cancellation, qualification or exclusion at any time; or

Appears in 7 contracts

Samples: Facilities Agreement (Aries Maritime Transport LTD), Supplemental Agreement (Top Ships Inc.), Facility Agreement (Aries Maritime Transport LTD)

P&I. the any Borrower or any other person fails or omits to comply with any requirements of the protection and indemnity association or other insurer with which the a Ship is entered for insurance or insured against protection and indemnity risks (including oil pollution risks) to the effect that any cover (including, without limitation, any cover in respect of liability for Environmental Claims arising in jurisdictions where the such Ship operates or trades) is or may be liable to cancellation, qualification or exclusion at any time; or

Appears in 5 contracts

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.)

P&I. the Borrower or any of the Owners or any other person fails or omits to comply with any requirements of the protection and indemnity association or other insurer with which the any Ship is entered for insurance or insured against protection and indemnity risks (including oil pollution all P&I risks) to the effect that any cover (including, without limitation, any cover in respect of liability for Environmental Claims arising in jurisdictions where the any Ship operates or trades) is or may be liable to cancellation, qualification or exclusion at any time; or

Appears in 4 contracts

Samples: Facility Agreement (Freeseas Inc.), Facility Agreement (Globus Maritime LTD), Loan Agreement (Aegean Marine Petroleum Network Inc.)

P&I. the Borrower or the Technical Manager or any other person fails or omits to comply with any requirements of the protection and indemnity association or other insurer with which the Ship Vessel is entered for insurance or insured against protection and indemnity risks (including oil pollution risks) to the effect that any cover (including, without limitation, any cover in respect of liability for Environmental Claims arising in jurisdictions where the Ship Vessel operates or trades) is or may be liable to cancellation, qualification or exclusion at any time; or

Appears in 3 contracts

Samples: Facility Agreement (EuroDry Ltd.), Facility Agreement (Euroseas Ltd.), Facility Agreement (Navios Maritime Holdings Inc.)

P&I. the any Borrower or any other person fails or omits to comply with any requirements of the protection and indemnity association or other insurer with which the a Ship is entered for insurance or insured against protection and indemnity risks (including oil pollution risks) to the effect that any cover (including, without limitation, any cover in respect of liability for Environmental Claims arising in jurisdictions where the such Ship operates or trades) is or may be liable to cancellation, qualification or exclusion at any time; or

Appears in 3 contracts

Samples: Facility Agreement (Costamare Partners LP), Facility Agreement (Costamare Partners LP), Facility Agreement (Costamare Inc.)

P&I. either Borrower or the Borrower Manager or any other person fails or omits to comply with any requirements of the protection and indemnity association or other insurer with which the a Ship is entered for insurance or insured against protection and indemnity risks (including oil pollution risks) to the effect that any cover (including, without limitation, any cover in respect of liability for Environmental Claims arising in jurisdictions where the such Ship operates or trades) is or may be liable to cancellation, qualification or exclusion at any time; or

Appears in 2 contracts

Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.)

P&I. the Borrower any Owner or either Manager or any other person fails or omits to comply with any requirements of the protection and indemnity association or other insurer with which the a Ship is entered for insurance or insured against protection and indemnity risks (including oil pollution risks) to the effect that any cover (including, without limitation, any cover in respect of liability for Environmental Claims arising in jurisdictions where the such Ship operates or trades) is or may be liable to cancellation, qualification or exclusion at any time; or

Appears in 2 contracts

Samples: Loan Agreement (StealthGas Inc.), Loan Agreement (StealthGas Inc.)

P&I. any of the Borrower Owners or the Manager or any other person fails or omits to comply with any requirements of the protection and indemnity association or other insurer with which the such a Ship is entered for insurance or insured against protection and indemnity risks (including oil pollution risks) to the effect that any cover (including, without limitation, any cover in respect of liability for Environmental Claims arising in jurisdictions where the such Ship operates or trades) is or may be liable to cancellation, qualification or exclusion at any time; or

Appears in 2 contracts

Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.), Third Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

P&I. any Owner or the Borrower Manager or any other person fails or omits to comply with any requirements of the protection and indemnity association or other insurer with which the a Ship is entered for insurance or insured against protection and indemnity risks (including oil pollution risks) to the effect that any cover (including, without limitation, any cover in respect of liability for Environmental Claims arising in jurisdictions where the such Ship operates or trades) is or may be liable to cancellation, qualification or exclusion at any time; or

Appears in 2 contracts

Samples: Ninth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.)

P&I. the Borrower any Owner or any other person fails or omits to comply with any requirements of the protection and indemnity association or other insurer with which the such Owner’s Ship is entered for insurance or insured against protection and indemnity risks (including oil pollution risks) to the effect that any cover (including, without limitation, any cover in respect of liability for Environmental Claims arising in jurisdictions where the such Ship operates or trades) is or may be liable to cancellation, qualification or exclusion at any time; or

Appears in 2 contracts

Samples: On Delivery Facility Agreement (Paragon Shipping Inc.), On Delivery Buyer Credit Facility Agreement (DryShips Inc.)

P&I. the any Borrower or any other person fails or omits to comply with any requirements of the protection and indemnity association or other insurer with which the such Borrower’s Ship is entered for insurance or insured against protection and indemnity risks (including oil pollution risks) to the effect that any cover (including, without limitation, any cover in respect of liability for Environmental Claims arising in jurisdictions where the such Ship operates or trades) is or may be liable to cancellation, qualification or exclusion at any time; or

Appears in 2 contracts

Samples: Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (Diana Containerships Inc.)

P&I. the Borrower or the Technical Manager or any other person fails or omits to comply with any requirements of the protection and indemnity association or other insurer with which the Ship Vessel is entered for insurance or insured against protection and indemnity risks (including oil pollution risks) to the effect that any cover (including, without limitation, any cover in respect of liability for Environmental Claims arising in jurisdictions where the Ship Vessel operates or trades) is or may be liable to cancellation, qualification or exclusion at any time; or

Appears in 1 contract

Samples: Facility Agreement (Pyxis Tankers Inc.)

P&I. any of the Borrower Borrowers, the Manager or any other person fails or omits to comply with any requirements of the protection and indemnity association or other insurer with which the any Ship is entered for insurance or insured against protection and indemnity risks (including oil pollution risks) to the effect that any cover (including, without limitation, any cover in respect of liability for Environmental Claims arising in jurisdictions where the relevant Ship operates or trades) is or may be liable to cancellation, qualification or exclusion at any time; or

Appears in 1 contract

Samples: Facility Agreement (Aegean Marine Petroleum Network Inc.)

P&I. either Borrower or the Borrower Manager or any other person fails or omits to comply with any requirements of the protection and indemnity association or other insurer with which the such Borrower’s Ship is entered for insurance or insured against protection and indemnity risks (including oil pollution risks) to the effect that any cover (including, without limitation, any cover in respect of liability for Environmental Claims arising in jurisdictions where the such Ship operates or trades) is or may be liable to cancellation, qualification or exclusion at any time; or

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

P&I. the any Borrower or any other person fails or omits to comply with any requirements of the protection and indemnity association or other insurer with which the a Ship is entered for insurance Insurance or insured against protection and indemnity risks (including oil pollution risks) to the effect that any cover (including, without limitation, any cover in respect of liability for Environmental Claims arising in jurisdictions where the such Ship operates or trades) is or may be liable to cancellation, qualification or exclusion at any time; or

Appears in 1 contract

Samples: Loan Agreement (Top Tankers Inc.)

P&I. the Borrower or any of the Owners or the Manager or any other person fails or omits to comply with any requirements of the protection and indemnity association or other insurer with which the any Ship is entered for insurance or insured against protection and indemnity risks (including oil pollution all P&I risks) to the effect that any cover (including, without limitation, any cover in respect of liability for Environmental Claims arising in jurisdictions where the any Ship operates or trades) is or may be liable to cancellation, qualification or exclusion at any time; or

Appears in 1 contract

Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.)

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P&I. the either Borrower or any other person fails or omits to comply with any requirements of the protection and indemnity association or other insurer with which the such Borrower's Ship is entered for insurance or insured against protection and indemnity risks (including oil pollution risks) to the effect that any cover (including, without limitation, any cover in respect of liability for Environmental Claims arising in jurisdictions where the such Ship operates or trades) is or may be liable to cancellation, qualification or exclusion at any time; or

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

P&I. the Borrower or any other person fails or omits to comply with any requirements of the protection and indemnity association or other insurer with which the Ship Vessel is entered for insurance or insured against protection and indemnity risks (including oil pollution risks) to the effect that any cover in relation to the Vessel (including, including without limitation, any cover in respect of liability for Environmental Claims arising in jurisdictions where the Ship Vessel operates or trades) is or may be liable to cancellation, qualification or exclusion at any time; or

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

P&I. any of the Borrower Owners, the Managers or any other person fails or omits to comply with any requirements of the protection and indemnity association or other insurer with which the any Ship is entered for insurance or insured against protection and indemnity risks (including oil pollution risks) to the effect that any cover (including, without limitation, any cover in respect of liability for Environmental Claims arising in jurisdictions where the relevant Ship operates or trades) is or may be liable to cancellation, qualification or exclusion at any time; or

Appears in 1 contract

Samples: Facility Agreement (Aegean Marine Petroleum Network Inc.)

P&I. any Borrower, the Borrower Manager or any other person fails or omits to comply with any requirements of the protection and indemnity association or other insurer with which the a Ship is entered for insurance or insured against protection and indemnity risks (including oil pollution risks) to the effect that any cover (including, without limitation, any cover in respect of liability for Environmental Claims arising in jurisdictions where the such Ship operates or trades) is or may be liable to cancellation, qualification or exclusion at any time; or.

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

P&I. the either Borrower or any other person fails or omits to comply with any requirements of the protection and indemnity association or other insurer with which the such Borrower’s Ship is entered for insurance or insured against protection and indemnity risks (including oil pollution risks) to the effect that any cover (including, without limitation, any cover in respect of liability for Environmental Claims arising in jurisdictions where the such Ship operates or trades) is or may be liable to cancellation, qualification or exclusion at any time; or

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

P&I. the Borrower or any other person fails or omits to comply with any requirements of the protection and indemnity association or other insurer with which the Ship a Mortgaged Vessel is entered for insurance or insured against protection and indemnity risks (including oil pollution risks) to the effect that any cover (including, without limitation, any cover in respect of liability for Environmental Claims arising in jurisdictions where the Ship such Mortgaged Vessel operates or trades) is or may be liable to cancellation, qualification or exclusion at any time; or

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Holdings Inc.)

P&I. either Borrower or the Borrower Manager or any other person fails or omits to comply with any requirements of the protection and indemnity association or other insurer with which the such Borrower's Ship is entered for insurance or insured against protection and indemnity risks (including oil pollution risks) to the effect that any cover (including, without limitation, any cover in respect of liability for Environmental Claims arising in jurisdictions where the such Ship operates or trades) is or may be liable to cancellation, qualification or exclusion at any time; or

Appears in 1 contract

Samples: Supplemental Agreement (Diana Shipping Inc.)

P&I. the Borrower or the Manager or any other person fails or omits to comply with any requirements of the protection and indemnity association or other insurer with which the Ship Vessel is entered for insurance or insured against protection and indemnity risks (including oil pollution risks) to the effect that any cover (including, without limitation, any cover in respect of liability for Environmental Claims arising in jurisdictions where the Ship Vessel operates or trades) is or may be liable to cancellation, qualification or exclusion at any time; or

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Holdings Inc.)

P&I. the Borrower or the Manager or any other person fails or omits to comply with any requirements of the protection and indemnity association or other insurer with which the Ship is entered for insurance or insured against protection and indemnity risks (including oil pollution risks) to the effect that any cover (including, without limitation, any cover in respect of liability for Environmental Claims arising in jurisdictions where the Ship operates or trades) is or may be liable to cancellation, qualification or exclusion at any time; or

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

P&I. the Borrower any Owner or any other person fails or omits to comply with any requirements of the protection and indemnity association or other insurer with which the a Ship is entered for insurance or insured against protection and indemnity risks (including oil pollution risks) to the effect that any cover (including, without limitation, any cover in respect of liability for Environmental Claims arising in jurisdictions where the such Ship operates or trades) is or may be liable to cancellation, qualification or exclusion at any time; or

Appears in 1 contract

Samples: Junior Loan Agreement (FreeSeas Inc.)

P&I. any of the Borrower Borrowers or any other person fails or omits to comply with any requirements of the protection and indemnity association or other insurer with which any of the Ship Vessels is entered for insurance or insured against protection and indemnity risks (including oil pollution risks) to the effect that any cover (including, without limitation, any cover in respect of liability for Environmental Claims arising in jurisdictions jurisdiction where any of the Ship Vessels operates or trades) is or may be liable to cancellation, qualification or exclusion at any time; or

Appears in 1 contract

Samples: Loan Agreement (Excel Maritime Carriers LTD)