bangladesh power development board tender document for ... - BPDB

59.0 LOSSES FROM NATURAL CAUSESAll loss or damage arising out of the nature of the Work, or from the action of theelements, or overflows, or from ground water, or from any unusual obstruction ordifficulty, or any other natural or existing circumstances foreseeable, which may beencountered in the prosecution of the Work, shall be sustained and borne by theContractor at his own cost and expense.60.0 INSURANCEThe Contractor shall arrange the following insurance except "Workmen'scompensation Insurance for the Contractor's expatriate personnel" from M/SBangladesh Sadharan Bima Corporation and Policies to be taken in foreign currencyand local currency wherever necessary and the payment of premium shall be madeby the Contractor.60.01 MARINE INSURANCEInsurance of equipment/Spare parts/materials/ Vehicles and other goods coveringall risks including war, strike, riots, civil commotion from the port of shipment to theport of discharge transit after discharge to the Site, and from the port of shipmentto the port of discharge anywhere in Bangladesh.The Contractor shall promptly furnish one set of shipping documents, a copy of Billof lading, invoice, packing list etc, of each consignment direct to the DeputyDirector, Insurance. Finance Directorate, BPDB, Dhaka well in time of the shipmentof goods indicating the contract number and name of the insurer. If they fail tocomply with this instruction they will be held responsible to compensate the lossesif any arising out of the non -compliance of this conditions.60.02 ERECTION INSURANCE"Builder's risk Insurance" and "Erection Insurance' and or "Structural Insurance"including third party liabilities wherever considered necessary by the Contractor andapproved by the Board.60.03 TRANSPORT LIABILITY INSURANCEComprehensive water crafts if necessary automobile insurance on motor vehicles tobe used by the Contractor during the working period in Bangladesh.60.04 WORKMEN'S COMPENSATION INSURANCEThe Contractor shall procure and maintain Workman's Compensation Insurance forall expatriate personnel employed by the Contractor for services in Bangladesh andshall provide for such employees other insurance benefits such as it customarilyprovides for overseas assignments Of its other employees.60.05 REPLACEMENT AND REPAIR UNDER INSURANCEThe Contractor shall follow customary insurance claim procedures in seeking toeffect recovery under the applicable insurance coverage, of the costs of repair or94