Common use of Transportation and Insurance Clause in Contracts

Transportation and Insurance. Seller shall at its own expense : i) Obtain appropriate property and liability insurance covering loss or damage to the Supplies and injuries to individuals during the construction of the Supplies and during the transportation of the Supplies from the Seller's plant to the Site. ii) Pay all freight and other transportation charges associated with delivery of the Supplies to the Site, and have a representative present during the transfer of the Supplies from the port of entry to the Site. iii) Maintain worker's compensation insurance during the assembly, installation and testing of the Supplies, as required by applicable law, covering its employees and, upon request from Buyer, provide a certificate of insurance evidencing such coverage. Buyer shall at its own expense: i) Obtain appropriate property and liability insurance covering loss or damage to the Supplies between delivery of the Supplies at the Site and the time when the Seller has been paid in full for the amounts under Section entitled "Purchase Price of the Supplies". In such insurance policies, both the Buyer and the Seller shall be named as insured parties. ii) Arrange for the destruction, pick-up and/or clearing away of all waste, including the Supplies packaging except for the disposal of radioactive waste which is covered in section 12 of appendix "Building Completion Specifications". The Buyer and the Seller shall each take out and maintain at their own expense during the period from receipt of the Supplies at the Site through Acceptance, insurance to provide coverage for both itself and the other party for an amount of at least one million US dollars (US$ 1,000,000) per accident against any direct and indirect liability for bodily injury and death to individuals and all direct or indirect costs, losses and damages to the property of the other arising out of each other's acts or omissions in unloading, assembling, installing and testing of the Supplies.