Offshore Construction project
Summary
Offshore Business Interruption (loss of production income) covers energy and energy-related businesses against loss due to a temporary interruption in the oil/gas supply from an offshore facility as a result of a physical loss or damage to the offshore facility.
Offshore Physical Damage Takaful covers “all risks” physical loss or damage to fixed offshore drilling, production and accommodation facilities
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- Physical loss or damage to contract works.
- Temporary works.
- Third Party liabilities arising from operations.
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The coverage includes builder’s risks and cargo coverage, sue and labour, removal of wreck and debris for a separate limit, existing property, expediting expenses, war, (subject to waterborne agreement) and maintenance period.
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- Infrastructure Details
- Surrounding Areas
- Back Up Contingency Plans
- Supervising Engineers
- Legal Permits/Energy Deals with foreign countries etc