Page 86 - Microsoft Word - FINAL COPY - A Legal Guide to Investing in Iraq _12-7-2015_ _6_.docx

b. This Contract is a valid and ً‫ﯾُﻌﺘﺒﺮ ھﺬا اﻟﻌﻘﺪ إﻟﺘﺰاﻣﺎً ﺻﺤﯿﺤﺎ‬
enforceable obligation of the
First Party and there is nothing
in this Contract that
contradicts any Applicable
Law in whole or part.
Section 18. Insurance
1. The Second Party shall provide all
necessary insurance for the entire
duration of the Project through Iraqi
or foreign insurance companies.
2. The Second Party and its Creditors
have the right to obtain insurance
coverage against all dangers relating
to their investments in the Project.
3. The Second Party shall not be
entitled to any compensation from
the First Party for Losses covered by
insurance.
Section 19. Force Majeure
1. If either Party is unable to meet its
obligations due to Force Majeure,
such Party shall be excused from
meeting its obligations during that
period in accordance with this
Contract and shall not be obliged to
pay any fees or compensation
resulting from such Force Majeure.
2. If a Party is unable to perform its
obligations in whole or part due to
Force Majeure, or if such Party
knows of its inability to meet its
obligations because of that, such
Party shall notify the other Party in
writing as soon as possible,
provided that such notification shall
not exceed DAYS days after Actual
Knowledge of the occurrence or the
possible occurrence of Force
Majeure.
82
.‫ب‬
،‫وﻗﺎﺑﻼً ﻟﻠﺘﻨﻔﯿﺬ ﻣﻦ ﻗﺒﻞ اﻟﻄﺮف اﻷول‬
‫وأﻧﮫ ﻻ ﯾﻮﺟﺪ ﺷﺊ ﻓﻲ ھﺬا اﻟﻌﻘﺪ‬
‫ﯾﺘﻌﺎرض ﻣﻊ اﻟﻘﺎﻧﻮن اﻟﻨﺎﻓﺬ ﻛﻠﯿﺎً أو‬
.ً‫ﺟﺰﺋﯿﺎ‬
‫ اﻟﺘﺄﻣﯿﻦ‬.18 ‫اﻟﻘﺴﻢ‬
‫ﯾﻮﻓّﺮ اﻟﻄﺮف اﻟﺜﺎﻧﻲ اﻟﺘﺄﻣﯿﻨﺎت اﻟﻼزﻣﺔ طﯿﻠﺔ‬ .1
‫ﻣﺪة اﻟﻤﺸﺮوع ﻣﻊ ﺷﺮﻛﺎت ﺗﺄﻣﯿﻦ ﻋﺮاﻗﯿﺔ أو‬
.‫أﺟﻨﺒﯿﺔ‬
‫اﻟﺪاﺋﻨﯿﻦ‬/‫ﯾﺤﻖ ﻟﻠﻄﺮف اﻟﺜﺎﻧﻲ و اﻟﻤﻘﺮﺿﯿﻦ‬ .2
‫اﻟﺪﺧﻮل ﻓﻲ إﺗﻔﺎﻗﯿﺎت ﺗﺄﻣﯿﻦ ﺿﺪ ﻛﺎﻓﺔ اﻟﻤﺨﺎطﺮ‬
.‫ﻓﯿﻤﺎ ﯾﺘﻌﻠﻖ ﺑﺈﺳﺘﺜﻤﺎراﺗﮭﻢ ﻓﻲ اﻟﻤﺸﺮوع‬
‫ﻻ ﯾﺴﺘﺤﻖ اﻟﻄﺮف اﻟﺜﺎﻧﻲ أﯾﺔ ﻣﺒﺎﻟﻎ ﺗﻌﻮﯾﻀﯿﺔ‬ .3
‫ﻣﻦ اﻟﻄﺮف اﻟﺜﺎﻧﻲ ﻋﻦ اﻟﺨﺴﺎﺋﺮ اﻟﺘﻲ ﯾﻐﻄﯿﮭﺎ‬
.‫اﻟﺘﺄﻣﯿﻦ‬
‫ اﻟﻘﻮة اﻟﻘﺎھﺮة‬.19 ‫اﻟﻘﺴﻢ‬
‫إذا ﻟﻢ ﯾﺘﻤﻜﻦ أي ﻣﻦ اﻟﻄﺮﻓﯿﻦ ﻣﻦ أداء‬ .1
‫ ﯾﻜﻮن ذﻟﻚ اﻟﻄﺮف‬،‫إﻟﺘﺰاﻣﺎﺗﮫ ﺑﺴﺒﺐ ﻗﻮة ﻗﺎھﺮة‬
‫ﺧﻼل ھﺬه اﻟﻔﺘﺮة ﻣﻌﺬوراً ﻣﻦ أداء إﻟﺘﺰاﻣﺎﺗﮫ‬
‫ وﻻ ﯾﻜﻮن ﻣﻠﺰﻣﺎً ﺑﺪﻓﻊ أﯾﺔ‬،‫ﺑﻤﻮﺟﺐ ھﺬا اﻟﻌﻘﺪ‬
.‫رﺳﻮم أو ﺗﻌﻮﯾﺾ ﻧﺎﺷﺊ ﻋﻦ اﻟﻘﻮة اﻟﻘﺎھﺮة‬
‫إذا ﻟﻢ ﯾﺘﻤﻜﻦ طﺮف ﻣﻦ أداء إﻟﺘﺰاﻣﺎﺗﮫ ﻛﻠﯿﺎ أو‬ .2
‫ أو إذا ﻛﺎن ھﺬا‬،‫ﺟﺰﺋﯿﺎً ﺑﺴﺒﺐ ﻗﻮة ﻗﺎھﺮة‬
‫اﻟﻄﺮف ﯾﻌﻠﻢ ﺑﻌﺪم ﺗﻤﻜﻨﮫ ﻣﻦ أداء إﻟﺘﺰاﻣﺎﺗﮫ‬
‫ ﯾﻘﻮم ﺑﺈﺧﻄﺎر اﻟﻄﺮف اﻵﺧﺮ ﻛﺘﺎﺑﺔ‬،‫ﺑﺴﺒﺐ ذﻟﻚ‬
‫ ﻋﻠﻰ أن ﻻ ﯾﺘﺠﺎوز ذﻟﻚ‬،‫ﺑﺎﻟﺴﺮﻋﺔ اﻟﻤﻤﻜﻨﺔ‬
‫)ﻋﺪد اﻷﯾﺎم( ﯾﻮﻣﺎً ﺑﻌﺪ اﻟﻌﻠﻢ اﻟﯿﻘﯿﻨﻲ ﺑﺎﻟﺤﺪث أو‬
.‫إﺣﺘﻤﺎﻟﯿﺔ اﻟﻘﻮة اﻟﻘﺎھﺮة‬