Insurance and Claims. (a) The premium of any insurance policy secured by Operator pursuant to the Contract.
Insurance and Claims. Petroleum Operations Costs will include premiums paid for required and approved insurance in accordance with the Contract. All expenses incurred and paid by the Contractor for any insurance claim, minus any costs recovered by the Contractor by means of insurance claims, will be included and recoverable as Petroleum Operations Costs. These Petroleum Operations Costs will be recoverable and deductible as tax expenses provided the Contractor has duly withheld withholding tax at source.
Insurance and Claims. Operating Costs shall include premiums paid for insurance normally required to be carried for the Petroleum Operations relating to CONTRACTOR's obligations conducted under the Contract, together with all expenditures incurred and paid in settlement of any and all losses, claims, damages, judgments, and other expenses, including fees relating to CONTRACTOR's obligation under the Contract.
Insurance and Claims. The cost of any public liability, property damage and other insurance against liabilities of CONTRACTOR, Operating Company and/or the parties or any of them to their employees and/or outsiders as may be required by the laws, rules and regulations of the GOVERNMENT or as the parties may agree upon. The proceeds of any such insurance or claim collected, less the actual cost of making a claim, shall be credited against operations. If no insurance is carried for a particular risk, in accordance with good international Oil field practices, all related actual expenditures incurred and paid by CONTRACTOR or Operating Company in settlement of any and all losses, claims, damages, judgments and any other expenses, including legal services.
Insurance and Claims. The cost of any public liability, property damage and other insurance against liabilities of the Company and/or the Parties or any of them to their employees and/or outsiders as may be required by the laws, regulations and rules of the State or as the Parties may agree upon. The proceeds of any such insurance or claim collected, less the actual cost of making a claim, shall be credited against operations. If no insurance is carried for a particular risk, in accordance with good international mining industry practices, all related actual expenditures incurred and paid by the Company in settlement of any and all losses, claims, damages, judgments and any other expenses, including legal services.
Insurance and Claims. 2.1. The Associate shall takeout and maintain Public Liability insurance, which shall, for any one occurrence or series of occurrences arising out of one event, be not less than £10,000,000 from a reputable insurer
Insurance and Claims. 2.7.1 Premiums paid for insurance to cover the risks related to Petroleum Operations according to the CONTRACTOR’s practice, which is in compliance with international petroleum practice.
Insurance and Claims. Petroleum Operations Expenditures shall ---------------------- include premiums paid for insurance normally required to be carried for the operations relating to CONTRACTOR's obligations conducted under the Contract and shall also include expenditures incurred and paid by CONTRACTOR in settlement of any and all losses, claims, damages, judgments, and other expenses, including monies relating to CONTRACTOR's obligations under the Contract. Any sums CONTRACTOR receives for settlements from insurance carried for the benefit of the Petroleum Operations shall be deducted from Petroleum Operations Expenditures for the year any such settlement is received. ANNEX "D" LETTER OF PERFORMANCE GUARANTY BY PARENT FOR CONTRACT AREA G, THE REPUBLIC OF EQUATORIAL GUINEA
Insurance and Claims. The cost of insurance, including public liability, property damage and other insurance including the coverage against liabilities of Contractor to its employees and/or outsiders as may be carried by Contractor, or required by the laws, rules and regulations of Bangladesh as Petrobangla and Contractor may agree upon. Contractor shall not provide such insurance through Affiliates or self-insure for a premium without prior specific written approval of Petrobangla and however, such approval not to be unreasonably withheld. The proceeds of any such insurance or claim collected shall be credited against the appropriate expenditure account and reduce recoverable costs. If no insurance is carried for a particular risk, all related actual expenditures incurred and paid by Contractor in settlement of any and all losses, claims, damages, judgments and any other expenses, including legal services, shall be charged to the appropriate expenditure account, provided such loss, claim or damage did not result from Contractor's failure to operate in accordance with the standards required by this Contract.
Insurance and Claims. The cost of insurance against any public liability, property damage and other insurance against liabilities of CONTRACTOR, the Joint Venture Company and/or the parties or any of them to their employees and/or outsiders as may be required by the laws, regulations and orders of the GOVERNMENT or as the parties may agree upon. The proceeds of any such insurance or claim collected, less the actual cost of making a claim, shall be credited against operations. If no insurance is carried for a particular risk, in accordance with good international Petroleum industry practices, all related actual expenditures incurred and paid by CONTRACTOR or the Joint Venture Company in settlement of any and all losses, claims, damages, judgments and any other expenses, including legal services.
