Fire insurance is obligatory on each institution in TIP.

A fence around the project secures TIP.

Private security is available 24/24.

The Lessee undertakes to conclude an insurance contract with a complete cover against the fire and the other accidents on buildings, machines, improvements and existing and found things with an amount that exceeds /$........................../

The 2nd party should elect a well-known insurance company allowed and authorized to work on the Lebanese territories and which has a good experience and reputation.

The 2nd party cannot abrogate or modify the contents of the insurance policies before notifying the first party. The date of taking effect and entering in force of validity of these insurance policies is the same date of this contract signing.