Common use of Watercraft Liability Insurance Clause in Contracts

Watercraft Liability Insurance. 1 If used directly or indirectly in performance of the Work by the Contractor, Subcontractor, Sub-subcontractor or Supplier, watercraft liability (protection & indemnity) insurance with respect to owned or non-owned watercraft including the use of additional premises, and shall include coverage for collision and damage to fixed and floating objects (including such liability to the extent not covered by Hull & Machinery policy), bodily injury, illness or death of seamen when not covered under a compensation scheme, pollution liability, tower’s liability (as may be applicable), specialist operations extension (as may be applicable), wreck removal and removal of debris for each watercraft, including loss of use thereof. Such insurance shall have limits of not less than five million dollars ($5,000,000) per occurrence or not less than limitations determined by the Marine Liability Act S.C. 2001 C.6, and if applicable, the Regulations Respecting Compulsory Insurance for Ships carrying Passengers SOR/2018-245, whichever shall be greater.

Watercraft Liability Insurance. 1 ‌ .1 If used directly or indirectly in performance of the Work by the Contractor, Subcontractor, Sub-subcontractor or Supplier, watercraft liability (protection & indemnity) insurance with respect to owned or non-owned watercraft including the use of additional premises, and shall include coverage for collision and damage to fixed and floating objects (including such liability to the extent not covered by Hull & Machinery policy), bodily injury, illness or death of seamen when not covered under a compensation scheme, pollution liability, tower’s liability (as may be applicable), specialist operations extension (as may be applicable), wreck removal and removal of debris for each watercraft, including loss of use thereof. Such insurance shall have limits of not less than five million dollars ($5,000,000) per occurrence or not less than limitations determined by the Marine Liability Act S.C. 2001 C.6, and if applicable, the Regulations Respecting Compulsory Insurance for Ships carrying Passengers SOR/2018-245, whichever shall be greater.