Common use of Pollution Insurance Clause in Contracts

Pollution Insurance. Owners warrant that they will have in place the maximum cover for pollution offered by members of the International Group of P&I Clubs (currently USD 1 billion) and that this cover from underwriters approved by Charterer (such approval not to be unreasonably withheld) will remain in place throughout the period of this charter. Owners shall provide Charterers within five business days after the fixture is concluded, written evidence from the vessel’s P&I club or insurance broker of such pollution cover. Any additional premiums or surcharges payable by Owners in relation to the vessel calling to United States of America ports to be for Charterers account.

Appears in 7 contracts

Samples: Time Charter Party (Double Hull Tankers, Inc.), Time Charter Party (Double Hull Tankers, Inc.), Time Charter Party (Double Hull Tankers, Inc.)

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Pollution Insurance. Owners warrant that they will have in place the maximum cover for pollution offered by members of the International Group of P&I Clubs (currently USD 1 billion) and that this cover from underwriters approved by Charterer (such approval not to be unreasonably withheld) will remain in place throughout the period of this charter. Owners shall provide Charterers within five business days after the fixture is concluded, written evidence from the vessel’s P&I club or insurance broker of such pollution cover. Any additional premiums or surcharges payable by Owners in relation to the vessel calling to United States of America ports to be for Charterers account.. G. (Deleted)

Appears in 1 contract

Samples: Time Charter Party (Double Hull Tankers, Inc.)

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