Common use of Liability insurance Clause in Contracts

Liability insurance. The contractor undertakes - before taking over a transport - to present the insurance policy to the principal without being asked, as confirmation of sufficient insurance coverage (minimum insurance sum € 600 000,- per case of damage) which is cus- tomary in Austria. This insurance must also cover lia- bility according to Art. 29 CMR and damage during loading and unloading operations. If the principal is not presented with the insurance policy covering the freight forwarder’s liability insurance before the transport is carried out, he is entitled to obtain in- surance coverage for this transport in favour of the contractor; in this case the principal is entitled to de- duct 4% (but at least € 40,-) from the agreed freight price. The refund of premiums is not possible after- wards. The contractor must ensure on his own initia- tive that the above mentioned insurance policy is available to the principal. For cabotage transports the minimum insurance sum must comply with the respective national legal requirements. The principal must be informed immediately of any changes.

Liability insurance. The contractor undertakes - before taking over a transport - to present the insurance policy to the principal without being asked, as confirmation of sufficient insurance coverage (minimum insurance sum € 600 000,- per case of damage) which is cus- tomary in Austria. This insurance must also cover lia- bility liability according to Art. 29 CMR and damage during dur- ing loading and unloading operations. If the principal is not presented with the insurance policy covering the freight forwarder’s liability insurance before the transport is carried out, he is entitled to obtain in- surance insur- ance coverage for this transport in favour of the contractorcon- tractor; in this case the principal is entitled to de- duct deduct 4% (but at least € 40,-) from the agreed freight price. The refund of premiums is not possible after- wardsafterwards. The contractor must ensure on his own initia- tive initiative that the above mentioned insurance policy is available to the principal. For cabotage transports the minimum insurance sum must comply with the respective national na- tional legal requirements. The principal must be informed in- formed immediately of any changes. The contractor is furthermore also obligated to in- sure cabotage-transports according to the previous stipulations.

Liability insurance. The contractor undertakes - before taking over a transport - to present the insurance policy to the principal without being asked, as confirmation of sufficient insurance coverage (minimum insurance sum € 600 000,- per case of damage) which is cus- tomary in Austria. This insurance must also cover lia- bility liability according to Art. 29 CMR and damage during dur- ing loading and unloading operations. If the principal is not presented with the insurance policy covering the freight forwarder’s liability insurance before the transport is carried out, he is entitled to obtain in- surance insur- ance coverage for this transport in favour of the contractorcon- tractor; in this case the principal is entitled to de- duct deduct 4% (but at least € 40,-) from the agreed freight price. The refund of premiums is not possible after- wardsafterwards. The contractor must ensure on his own initia- tive initiative that the above mentioned insurance policy is available to the principal. For cabotage transports the minimum insurance sum must comply with the respective national na- tional legal requirements. The principal must be informed in- formed immediately of any changes. The contractor is furthermore also obligated to in- sure cabotage-transports according to the previous stipulations. cken.