GAIL (India) Limited MECON LIMITED

others materials/ equipment/ properties duringconstruction, erection and commissioning at site.The value of third party liability for compensationfor loss of human life or partial/full disablementshall be of required statutory value but not lessthan Rs. 2 lakhs per death, Rs. 1.5 lakhs per fulldisablement and Rs. 1 lakh per partial disablementand shall nevertheless cover such compensationas may be awarded by Court by Law in India andcover for damage to others equipment/ property asapproved by the Purchaser. However, third partyrisk shall be maximum to Rs. 10(ten) lakhs todeath.d) The Contractor shall also arrange suitableinsurance to cover damage, loss, accidents, risksetc., in respect of all his plant, equipments andmachinery, erection tools & tackles and all othertemporary attachments brought by him at site toexecute the work.e) The Contractor shall take out insurance policy inthe joint name of EMPLOYER and Contractor fromone or more nationalised insurance company fromany branch office at Project site.f) Any such insurance requirements as are herebyestablished as the minimum policies andcoverages which Contractor must secure andkeep in force must be complied with, Contratorshall at all times be free to obtain additional orincreased coverages at Contractor’s soleexpenses.vii) ANY OTHER INSURANCE REQUIRED UNDERLAW OR REGULATIONS OR BY EMPLOYER:CONTRACTOR shall also carry and maintain any and allother insurance(s) which he may be required under anylaw or regulation from time to time without any extra cost toEMPLOYER. He shall also carry and maintain any otherinsurance which may be required by the EMPLOYER.102 Damage to Property or toany Person or any ThirdParty102.1 i) CONTRACTOR shall be responsible for making good tothe satisfaction of the EMPLOYER any loss or anydamage to structures and properties belonging to theEMPLOYER or being executed or procured or beingprocured by the EMPLOYER or of other agencies within inthe premises of all the work of the EMPLOYER, if suchloss or damage is due to fault and/or the negligence orwillful acts or omission of the CONTRACTOR, hisemployees, agents, representatives orSUB-CONTRACTORs.ii)The CONTRACTOR shall take sufficient care in movinghis plants, equipments and materials from one place toanother so that they do not cause any damage to anyperson or to the property of the EMPLOYER or any thirdparty including overhead and underground cables and inthe event of any damage resulting to the property of the