The First Party shall acquire transportation insurance for cargos, and any damage to or loss of cargos caused during transportation for reasons not attributable to the Second Party or its subcontractor shall be covered and compensated by said insurance.
2. The Second Party shall arrange and acquire fire insurance for cargos while in possession in the Warehouse with such contents and coverage as designated by the First Party, provided that the insurance premium thereof shall be borne by the First Party and paid to the Second Party upon request. Upon request of the First Party, the Second Party shall provide the First Party a certificate of such fire insurance.