Common use of Policy Endorsements Clause in Contracts

Policy Endorsements. The above insurance shall provide Buyer with 30 days’ written notice prior to the effective date of any cancellation of the insurance. The insurance specified in Article XIII(a)(ii) shall name Buyer as an additional insured and as a Loss Payee for its respective interest. The insurance specified in Article XIII(a)(i) and (iv) shall contain a waiver of subrogation in favor the Buyer and the insurance specified in Article XIII(a)(iii) and (v) shall name the Buyer as an additional insured with respect to operations performed hereunder. Any coverage provided Buyer by Builder’s insurance, shall be primary to any other insurance carried by Buyer.

Appears in 9 contracts

Samples: Shipbuilding Contract (GasLog Ltd.), Shipbuilding Contract (GasLog Ltd.), Shipbuilding Contract (GasLog Ltd.)

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Policy Endorsements. The above insurance shall provide Buyer with 30 days’ written notice prior to the effective date of any cancellation of the insurance. The insurance specified in Article XIII(a)(ii) shall name Buyer as an additional insured and as a Loss Payee for its respective interest. The insurance specified specified. in Article XIII(a)(i) and (iv) shall contain a waiver of subrogation in favor the Buyer and the insurance specified in Article XIII(a)(iii) and (v) shall name the Buyer as an additional insured with respect to operations performed hereunder. Any coverage provided Buyer by Builder’s insurance, shall be primary to any other insurance carried by Buyer.

Appears in 1 contract

Samples: Shipbuilding Contract (GasLog Ltd.)

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