policies being in the joint name of Builder and Buyer, with Builder as beneficiary, against all risks customarily insured against in the American shipbuilding industry (Builders Risk Insurance) with the exception of war risks, risk of earthquake, strikes or other risks not herein or usually provided ("Excepted Risks") for a total of not less than the amount for the time being paid by Buyer to Builder in respect to the Contract Price of the Yacht plus the cost of Buyer supplied items furnished to Builder in respect to the Yacht or the sums paid by Buyer to Builder for Buyer supplied items purchased by Builder for the account of policies being in the joint name of Builder and Buyer, with Builder as beneficiary, against all risks customarily insured against in the American shipbuilding industry (Builders Risk Insurance) with the exception of war risks, risk of earthquake, strikes or other risks not herein or usually provided ("Excepted Risks") for a total of not less than the amount for