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ARTICLE 13 - INSURANCE, LIABILITIES & INDEMNITIES

13.1. EXTENT OF INSURANCE COVERAGE:
The CONTRACTOR shall, at its own expense, keep the the Work, the OWNER 留学生论文代写Furnished Equipment and all machinery, material, equipment, appurtenances and outfit, delivered to the Shipyard for the Work or built into, or installed in or upon the Vessel fully insured with insurance companies and policies acceptable to OWNER payable in U.S. Dollars from the commencement of this Agreement until the Work has been completed and the Vessel has been redelivered to and accepted by OWNER.  Such insurance, which is further described on Appendix 2 hereto, shall be carried with prime insurance companies and provide coverage corresponding to the latest form of Institute of London Underwriter clauses, extended to cover risks of war, including terrorism, as well as perils of strikes, riots and civil commotion, tests and trials, and protection and indemnity risks.  The amount of such insurance coverage shall, up to the date of redelivery of the Vessel, be in an amount at least equal to, but not limited to, the value of  the Work and the OWNER Furnished Equipment. One copy each of CONTRACTOR’s Risks insurance policies shall be delivered to OWNER prior to the commencement of the Work by CONTRACTOR.  All losses under such policy or policies shall be payable to CONTRACTOR and OWNER as their respective interests may appear.  Further, all deductibles and co-insurance arising under said policies shall be for the account of the CONTRACTOR.   CONTRACTOR shall also arrange for and provide throughout the term of this Agreement (i) Employer’s Liability insurance with statutory limits as required by the law applying to the location of the Shipyard; and (ii) Comprehensive General Liability insurance covering bodily injury and property damage and ship repairer’s legal liability with limits of at least $1,000,000 each occurrence and $5,000,000 in the aggregate.

The OWNER shall provide the CONTRACTOR with a waiver of subrogation rights or rights of recourse from  its insurer in respect of the Vessel

NAMING AND WAIVING:

13.2. TERMINATION OF THE CONTRACTOR'S OBLIGATION TO INSURE:
The CONTRACTOR's obligation to insure the Work and the OWNER Furnished https://www.51lunwen.org/StudentPapers.htmlEquipment hereunder shall cease as of the date and time set forth for redelivery of the Vessel and the Work in the Protocol of Redelivery and Acceptance.

13.3. INDEMNITY OF OWNER AND CONTRACTOR:
13.5. POLLUTION: