Transit Coverage Clause Samples
The Transit Coverage clause defines the insurance protection provided for goods while they are being transported from one location to another. This coverage typically applies to losses or damages that occur during the shipping process, whether by land, sea, or air, and may include specific conditions such as coverage only during direct transit or while goods are in the custody of a particular carrier. Its core practical function is to allocate risk and provide financial protection against unforeseen events that may damage or destroy goods in transit, ensuring that both the sender and receiver are safeguarded during the transportation process.
Transit Coverage. As needed for the specific job. The minimum A.M. Best's rating of each insurer is A-IX. Pinnacle must obtain Owner's written permission to waive any of the above requirements. Higher amounts may be required by Owner if the work to be performed is deemed by Owner to be hazardous. Pinnacle will obtain and keep on file a certificate of insurance which shows that each such party is so insured. Owner will be named as an additional insured with respect to Contractors' and Subcontractors' Auto Liability, Commercial General Liability and Excess Liability policies. Pinnacle will receive from vendors evidence of indemnification and hold harmless provisions in favor of Owner and Pinnacle.
Transit Coverage. As needed for the specific job. The minimum A.M. Best's rating of each insurer is A-IX. Manager must obtain Owner's written permission to waive any of the above requirements. Higher amounts may be required by Owner if the work to be performed is deemed by Owner to be hazardous. Manager will obtain and keep on file a certificate of insurance which shows that each such party is so insured. Owner, and any lender of Owner, if applicable, will be named as an additional insured with respect to Contractors' and Subcontractors' Auto Liability, Commercial General Liability and Excess Liability policies. Manager must obtain indemnification and hold harmless provisions in favor of Owner and Manager.
Transit Coverage. As needed for the specific job. The minimum A.M. Best’s rating of each insurer is A /VII. Owner will be named as an additional insured with respect to Contractors’ and Subcontractors’ Auto Liability, Commercial General Liability and Excess Liability policies. Manager must obtain indemnification and hold harmless provisions in favor of Owner and Manager. All coverages listed above shall apply on a primary and non-contributory basis.
Transit Coverage. As needed for the specific job. The minimum A.M. Best's rating of each insurer is A-/VII. Tenant must obtain Landlord's written permission to waive any of the above requirements. Higher amounts may be required by Landlord if the work to be performed is deemed by Landlord to be hazardous. Tenant will obtain and keep on file a certificate of insurance which shows that each such party is so insured. Landlord will be named as an additional insured with respect to Contractors' and Subcontractors' Auto Liability, Commercial General Liability and Excess Liability policies. Landlord must obtain indemnification and hold harmless provisions in favor of Landlord, Property Manager and Tenant. LANDLORD: TENANT: VIF II CEL-SCI Partners, LLC, CEL-SCI CORPORATION, a Delaware limited liability company a Colorado corporation By: /s/ Stan Wendzel By: /▇/ ▇▇▇▇▇ R. Kersten --------------------------------- ------------------------------- Name: Stan Wendzel N▇▇▇: ▇▇▇▇▇ R. Kersten --------------------------------- ------------------------------- Title: Manager Title: Chief Executive Officer --------------------------------- ------------------------------- SCHEDULE 1 TO LEASE RIDER NO. 1 CONTRACTOR AND SUBCONTRACTOR INSURANCE LIMIT REQUIREMENTS Division Trade Description Trade Number for Limits Required (See Attached)
1. Sitework Earthwork 3 Excavation 5 Grading 2 Paving 2 Piling/Caisson 3 Retention 4
2. Concrete Formwork 5 Precasts 5 Structural 5
3. Masonry Masonry 5
4. Metal And Metal Deck 4 Structural Misc. Metals 2 Structural Steel 5
5. Carpentry Millwork 2 Rough Carpentry 2 Wood Doors 2
6. Moisture Caulking 3 Protection Dampproofing 3 Roofing/Sheet Metal 5 Waterproofing 3
8. Finishes Acoustic 2 Ceramic & Quarry 2 Covering 2 Lathe, Plaster & 2 Drywall 2 Resilient Floor 2 Paint & Vinyl Wall SCHEDULE 1 TO LEASE RIDER NO. 1 (CONT'D) Division Trade Description Trade Number for Limits Required (See Attached)
9. Specialties Access Flooring 1 Partitions 1 Toilet Accessories 1
10. Equipment Crane Operations 4
11. Furnishings Suppliers 1 12. Special Asbestos Abatement 5 Construction Blasting 5
Transit Coverage. As needed for the specific job.