This insurance shall only be in respect of materials and equipment to be incorporated into the WORK and shall not apply to materials or equipment ordered or provided by CONTRACTOR or SUBCONTRACTOR of any tier for any other purposes.
The policy shall name OWNER and CONSULTANT as Co-Insured and shall include an insurer’s waiver of subrogation against OWNER and all insured parties.
C. Inland Transit Insurance
Insurance for the full replacement value, against all loss or damage from whatsoever cause arising in respect of material, equipment and other items or property of OWNER or supplied by OWNER during inland transportation or transit including loading and unloading be incorporation into or for use in the execution of the Project Work. The Insurance shall provide for an insurer’s waiver of subrogation in favour of OWNER.
When the CONTRACTOR elects not to insure its personal effects, tools, equipment, and automobile or other items, the CONTRACTOR agrees to hold OWNER harmless from and against any risk which should be or should have been covered by the said Insurance.
D. CONSTRUCTIONAL PLANT, Tools and Equipment Insurance
Insurance for the full replacement value, against all loss or damage from whatsoever cause arising in respect of CONSTRUCTIONAL PLANT, tools, and equipment and other items or properties brought onto or destined for the SITE and for use in the execution of the WORK.
This insurance shall provide for an insurer’s waiver of subrogation in favour of OWNER.
When CONTRACTOR elects not to insure its personal effects, tools, equipment, and automobile or other items, CONTRACTOR agrees to hold OWNER harmless from and against any risk which should be or should have been covered by the said insurance.
E. Workmen’s Compensation / Employer’s Liability Insurance
Insurance in respect of injury or illness to CONTRACTOR’s employees as required by laws of the Kingdom of Thailand and of any other country applicable to those employees and, where employees may have an option to sue under common law.
When CONTRACTOR elects not to take out Workmen’s Compensation and/or Employer’s Liability Insurance, CONTRACTOR agrees to hold OWNER harmless from and against any risk which should be or should have been covered by the said Workmen's Compensation, Employer's Liability Insurance and/or Social Insurance.
F. Automobile Insurance Liability
In the event of the use of any automobile in connection with the execution of the Work, there shall be Automobile Insurance Liability. Policies of automobile