Common use of War Risk Insurance cover Clause in Contracts

War Risk Insurance cover. in the event of hostilities in any part of the world (whether war is declared or not), it will not cause or permit the Vessel to enter or trade to any zone which is declared a war zone by any government or by the Vessel’s war risks insurers unless first obtaining the consent to such employment or trade of the insurers and complying with such requirements as to extra premium or otherwise as the insurers may prescribe.

Appears in 3 contracts

Samples: Loan Agreement (Performance Shipping Inc.), Loan Agreement (Seanergy Maritime Holdings Corp.), Performance Shipping Inc.

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War Risk Insurance cover. in the event of hostilities in any part of the world (whether war is declared or not), it will not cause or permit the Vessel to enter or trade to any zone which is declared a war zone by any government or by the Vessel’s war risks insurers unless first obtaining the consent to such employment or trade of the insurers and complying with such requirements as to extra premium or otherwise as the insurers may prescribeprescribe require.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

War Risk Insurance cover. in the event of hostilities in any part of the world (whether war is declared or not), it will not cause or permit the its Vessel to enter or trade to any zone which is declared a war zone by any government or by the its Vessel’s 's war risks insurers unless first obtaining the prior written consent to such employment or trade of the insurers Lender has been given and complying with such requirements as to extra premium the Borrower has (at its expense) effected any special, additional or otherwise as modified insurance cover which the insurers Lender may prescribeapprove or require.

Appears in 1 contract

Samples: Seanergy Maritime Holdings Corp.

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War Risk Insurance cover. in the event of hostilities in any part of the world (whether war is declared or not), it will not cause or permit the its Vessel to enter or trade to any zone which is declared a war zone by any government or by the its Vessel’s war risks insurers unless first obtaining the consent to such employment or trade of the insurers and complying with such requirements as to extra premium or otherwise as the insurers may prescribe.

Appears in 1 contract

Samples: Agreement (Imperial Petroleum Inc./Marshall Islands)

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