PROTECTION AND INDEMNITY INSURANCE (WHEN APPLICABLE. If, as part of its Services for a Purchaser work request, Contractor is utilizing an owned or chartered vessel, Contractor will provide protection and indemnity insurance, including hull coverage, collision liability, and tower’s liability per American Institute Hull Clauses (September 29, 2009) (or equivalent) for any such vessel(s). This insurance will cover all claims with respect to injuries or damages to persons or property, with limits of liability not less than $1,000,000.
