Common use of Renewal of Insurances Clause in Contracts

Renewal of Insurances. Each Shipowner shall renew the Insurances (or relevant part thereof) in respect of its Mortgaged Ship and Mortgaged Linkspans (if any) before the relevant policies, contracts or entries expire and shall procure that the Approved Brokers and/or the relevant protection and indemnity association or war risks association or relevant Approved Manager shall promptly confirm in writing to the Security Agent as and when each such renewal has been effected.

Renewal of Insurances. Each Shipowner shall renew the Insurances (or relevant part thereof) in respect of its Mortgaged Ship and Mortgaged Linkspans (if any) before the relevant policies, contracts or entries expire and shall procure that the Approved Brokers and/or the relevant protection and indemnity association or war risks association or relevant Approved 115 Manager shall promptly confirm in writing to the Security Agent as and when each such renewal has been effected.