Common use of Waiver of Subrogation, Etc Clause in Contracts

Waiver of Subrogation, Etc. Except as Charterer may otherwise agree, all insurance policies related to the Vessel (other than the P&I Insurance) and its operations shall (a) make Charterer an additional assured party and, as appropriate, a loss payee, (b) waive insurers’ rights of subrogation against Charterer and (c) otherwise recognize, in a manner acceptable to Charterer, Charterer’s interests in the Vessel and its operations under this Charter. Except for War Risks Insurance, Owner shall cause all insurers to agree in writing to give Charterer as much prior written notice as possible, but in no event less than fifteen (15) days’ prior written notice, of the cancellation of Compulsory Insurances which such insurers arrange.

Waiver of Subrogation, Etc. Except as Charterer may otherwise agree, all insurance policies related to the Vessel (other than the P&I Insurance) and its operations shall (a) make Charterer an additional assured party and, as appropriate, a loss payeeparty, (b) waive insurers’ rights of subrogation against Charterer and Charterer, and, to the extent available at reasonable commercial terms, (c) otherwise recognize, in a manner acceptable to Charterer, Charterer’s interests in the Vessel and its operations under this the Charter. Except for War Risks Insurance, Owner shall cause all insurers to agree in writing to give Charterer as much prior written notice as possible, but in no event less than fifteen (15) ***** days’ prior written notice, of the cancellation of Compulsory Insurances any insurances which such insurers arrange.