schedule i insurance

8/22/2019 Schedule I insurance

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RTIP

IN KINGDOM

EPCM CONTRACT

SCHEDULE I

INSURANCEREQUIREMENTS

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SCHEDULE I CONTRACT NO. 6600027129

SCHEDULE I

INSURANCE

PART I - COMPANY PROVIDED INSURANCES

A. Con!"#$!%on&E"'$!%on A(( R%)

1. Construction/Erection All Risks Insurance coverage shall commenceon or before the commencement by the Construction Contractor of

Work(as defined in the Construction Contract) at the Constructionite! and shall continue at least through to "rovisional Acce#tance ofthe $acilities%

2. Construction/Erection All Risks Insurance shall cover all risk of

#hysical loss or damage to the $acilities and Contractor u##lied&aterials and Com#any u##lied &aterials that have been safelyunloaded at the designated lay do'n area at the Construction ite(including! 'ithout limitation! tem#orary 'orks at the Construction itethat are to be incor#orated into the $acilities)% Construction/Erection AllRisks Insurance 'ill not cover Contractor u##lied &aterials orCom#any u##lied &aterials that have not yet been safely unloaded atthe designated area at the Construction ite! Contractor! endor andubcontractor tem#orary facilities! any other #ro#erty of Contractor!endors or ubcontractors located at the Construction ite! or anyContractor Eui#ment%

*% Construction/Erection All Risks Insurance shall be sub+ect to adeductible! but not'ithstanding the level of that deductible! Contractorshall be res#onsible and liable for any loss! damage or destruction tothe $acilities or the Com#le, caused by any breach of Contract! or anynegligent act! omission or default of any kind by any member of theContractor -rou# u# to one million . ollars (.01!!) #eroccurrence%

2% eductibles 'ill be for the account of the Com#any%

*. T+%", P"! L%/%(%!

1. 3hird "arty 4iability Insurance coverage shall commence on or before

the commencement by the Construction Contractor of Work (asdefined in the Construction Contract) at the Construction ite! andshall continue at least through to "rovisional Acce#tance of the$acilities%

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6% 3hird "arty 4iability Insurance 'ill cover legal liability to third #arties fordeath! bodily in+ury! disease or illness of any #erson or damage to#ro#erty (e,cluding #ro#erty covered under the Construction/Erection

All Risks Insurance) 'hich arises out of or in connection 'ith the#erformance of the Work%

*% With res#ect to Work #erformed at the Construction ite! Contractor!ubcontractors and endors shall be named as additional insureds%Coverage 'ill be u# to a limit of not less than fifty million . ollars(.07!!) #er occurrence! 'ith a deductible of not more thant'o hundred fifty thousand . ollars (.067!) #er occurrence%3he coverage 'ill e,tend to the territorial limits of the 8ingdom ofaudi Arabia 'ith 'orld5'ide +urisdictions! e,cluding .A! Canada and

Australia%

2% eductibles 'ill be for the account of the Com#any%

En, o P"! I o S$+',#(' I

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PART II - CONTRACTOR PROVIDED INSURANCES

A. M"%n'&In(n, T"n%! n, A%" C"o In#"n$'

The Insured Property:

Contractor shall effect and maintain &arine/Inland 3ransit and Air CargoInsurance for all Contractor u##lied &aterials! and Com#any u##lied

&aterials if reuired by Com#any (In#"', P"o3'"!)%

Period of Cover:

Coverage shall commence #rior to the first loading and continue through todelivery of the final shi#ment to the Construction ite! including during theremedial 'ork #eriod! referred to in #aragra#h 1%7 of chedule A! #lus transittime (if a##licable)%

Insured Sum

For Insured Property on a conveyance:

9ot less than one hundred and ten #ercent (11:) of the Cost Insurance$reight (;CI4;) of the Insured "ro#erty on the conveyance%

If there is more than one item of Insured "ro#erty on any one conveyance!the one hundred and ten #ercent (11:) CI$ of all such Insured "ro#ertyshall be aggregated for the #ur#ose of the immediately #receding sentence%

A #lane! train! automobile! shi# or other trans#ort is a ;$on5'n$'; for the#ur#ose of this ;Insured um; section%

For Insured Property whilst in storage:

9ot less than one hundred and ten #ercent (11:) of the CI$ of the Insured"ro#erty in storage%

If there is more than one item of Insured "ro#erty in a storage facility! the onehundred and ten #ercent (11:) CI$ of all such Insured "ro#erty shall beaggregated for the #ur#ose of the immediately #receding sentence%

Deductibles:

eductibles shall be for Com#anys account u# to 01!% Any

deductible in e,cess of 01! shall be for Contractors account%

Basis of Cover:

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&arine/Inland 3ransit and Air Cargo Insurance shall cover the Insured"ro#erty against all risks of #hysical loss or damage by any means oftrans#ort (including by land! air or 'ater) from the #lace of manufacture orassembly! any'here in the 'orld! to the Construction ite or vice versa (from'arehouse to 'arehouse) including loading and unloading! tem#orary storage

and intermediate transhi#ments% Coverage shall be e,tended for returnshi#ments on a 'arehouse to 'arehouse basis%

ain Conditions:

1% Institute Cargo Clause (A)

schedule i insurance

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