Common use of Wreck Removal Clause in Contracts

Wreck Removal. In the event of the Ship becoming an obstruction to navigation the Lessee shall (in addition to any other obligation it may have under clause 9) indemnify and hold harmless the Lessor against all costs, expenses, payments, charges, losses, demands, any liabilities, claims, actions, proceedings (whether civil or criminal) penalties, fines, damages, judgments, orders or other sanctions which may be incurred, by, or made or asserted against the Lessor by reason that the Ship shall have become an obstruction to navigation (including, without limitation) in respect of the removal or destruction of the obstruction under statutory powers but only to the extent that such has not been recovered from the Ship's insurers.

Appears in 5 contracts

Samples: Lease Agreement (Golar LNG LTD), Lease Agreement (Golar LNG LTD), Lease Agreement (Golar LNG LTD)

AutoNDA by SimpleDocs

Wreck Removal. In the event of the Ship becoming an a wreck or obstruction to navigation navigation, the Lessee shall (in addition to any other obligation it may have under clause 97) shall indemnify and hold harmless the Lessor against all costs, expenses, payments, charges, losses, demands, any liabilities, claims, actions, proceedings (whether civil or criminal) penalties, fines, damages, judgments, orders or other sanctions which may be incurred, incurred by, or made or asserted against the Lessor Lessee by reason that the Ship shall have become an a wreck or obstruction to navigation (including, without limitation) in respect of the removal or destruction of the wreck or obstruction under statutory powers but only to the extent that such has not been recovered from the Ship's ’s insurers.

Appears in 5 contracts

Samples: Lease Agreement (Seaspan CORP), Lease Agreement (Seaspan CORP), Lease Agreement (Seaspan CORP)

AutoNDA by SimpleDocs

Wreck Removal. In the event of the Ship becoming an a wreck or obstruction to navigation the Lessee Hirer shall (in addition to any other obligation it may have under clause 910) indemnify and hold harmless the Lessor Owner against all costs, expenses, payments, charges, losses, demands, any liabilities, claims, actions, proceedings (whether civil or criminal) penalties, fines, damages, judgments, orders or other sanctions which may be incurred, by, or made or asserted against the Lessor Owner by reason that the Ship shall have become an a wreck or obstruction to navigation (including, without limitation) in respect of the removal or destruction of the wreck or obstruction under statutory powers but only to the extent that such has not been recovered from the Ship's insurers.

Appears in 1 contract

Samples: Hire Purchase Agreement (Eagle Geophysical Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!