Common use of Operator Disclosure and Cooperation Clause in Contracts

Operator Disclosure and Cooperation. Where Operator is providing insurance coverage for benefit of Owner, procuring insurance at request of Owner, and/or securing coverage at the expense of Owner, Operator shall make complete and timely disclosure of all information as may be requested from time to time by Owner and provide full cooperation in securing such coverages as may be requested by Owner. Such disclosure and cooperation shall include, without limit, an exact copy of the applicable insurance policy wording, premium calculation, rating structure, disclosure of No Claims Bonuses and/or profit sharing, information regarding cargo shipments and related surveys, fees or commissions paid to brokers or consultants, and/or other fees or expenses which may be incurred by Owner in conjunction with the procurement of said insurance. In the event that any Plant Liability Insurance policy or the coverage extended thereunder to Owner or Owner's Affiliates is not renewed or is canceled and is not replaced by Operator or its Affiliates with insurance policies providing comparable coverage thereto, or if the Plant Liability Insurance policies, in Owner's or Owner's Affiliates' reasonable judgment, undergo any material change such that the coverage afforded thereunder is not commercially reasonable, Owner and its Affiliates may secure separate general liability insurance policies and/or pollution legal liability policies and/or automobile liability policies to provide comparable commercially reasonable insurance coverage and Operator shall reimburse Owner and its Affiliates, as the case may be, for the Operator's proportionate share of the premiums paid by Owner and its Affiliates, as the case may be, for such insurance.