All work carried out including loading, transit, dismantling, erection, positioning, lifting, lowering or resighting, storing and/ or safekeeping of any and/ or goods, is done at executive risk of the owner of such goods

No responsibility for any loss and / or damages, including consequential damages, which the owner may suffer as a result of the performance of service, would apply under circumstances. Further it is agreed that there shall be no liability for any damages which the owner may suffer, even if such damages are caused intentinally or grossly negligently.

The owner is required to obtain insurance coverage for all damages which he may suffer as a result of any occurance and / or any conduct foreseen or referred to in this paragraph.

Should the owner fail to obtain the required insurance coverage it will be deemed that the owner is in the same position as the insurer who would have supplied such insurance coverage.

The insured would endeavour to obtain the necessary insurance coverage on behalf of the owner, provided the prescribed premium payable respect thereof, is received before the commencement of the execution of the contract.

Insurance of all cranes and equipment is the responsibility of the hirer. Should the hirer elects to become a co-insurer under the Plant all risk Policy of CTR a premium calculated at 20% on the hourly rate of the quoted price. The Hirer will be liable for the excess payment.