Common use of Operational Property Damage Insurance Clause in Contracts

Operational Property Damage Insurance. On or prior to Substantial Completion under the EPC Contract, property damage insurance on an “all risk” basis insuring the Owner, including coverage against damage or loss caused by earth movement (including but not limited to earthquake, landslide, subsidence and volcanic eruption), flood, windstorm, boiler and machinery accidents, strike, riot, civil commotion and sabotage, but excluding terrorism.

Appears in 2 contracts

Sources: Operation and Maintenance Agreement, Operation and Maintenance Agreement (Cheniere Energy Inc)