52.228-9 Cargo Insurance.
Cargo Insurance (May 1999)
-
(a)The Contractor, at the Contractor’s expense, shall provide and maintain, during the continuance of this contract, cargo insurance of $ per vehicle to cover the value of property on each vehicle and of $ to cover the total value of the property in the shipment.
-
(b)All insurance shall be written on companies acceptable to , and policies shall include such terms and conditions as required by . The Contractor shall provide evidence of acceptable cargo insurance to before commencing operations under this contract.
-
(c)Each cargo insurance policy shall include the following statement:
“It is a condition of this policy that the Company shall furnish-
(1) Written notice to , 30 days in advance of the effective date of any reduction in, or cancellation of, this policy; and
(2) Evidence of any renewal policy to the address specified in paragraph (1) of this statement, not less than 15 days prior to the expiration of any current policy on file with .”
(End of clause)