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Keith Broughton. An in-depth look into the types of equipment operating from vessels, especially in support of the Oil & Gas Industry, and which insurance covers, or combination of covers, are deemed most appropriate for physical damage on the equipment. - PowerPoint PPT Presentation

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PowerPoint Presentation

Keith Broughton

Risk Analysis for Subsea EquipmentAn in-depth look into the types of equipment operating from vessels, especially in support of the Oil & Gas Industry, and which insurance covers, or combination of covers, are deemed most appropriate for physical damage on the equipment. Examples of the type of equipment will include, but not be limited to:

* Seismic Streamers* Remotely Operated Vehicles (ROVs)* Autonomous Underwater Vehicles (AUVs)* Diving Equipment

The talk will specifically look at the form of the equipment, the function of the equipment, the various perils that the equipment will encounter and how the physical damage insurance relates to the other types of cover required.

Keith Broughton

The Aim

The Aim

ThusWhat are we insuring?

What are the perils we are insuring against?

What other influences must we consider?

Descriptions* Seismic Streamer

* Remotely Operated Vehicles (ROVs)

* Autonomous Underwater Vehicles (AUVs)

* Diving Equipment

Seismic Streamer

Picture courtesy of PGS. All rights reserved.

Seismic Streamer Picture courtesy of PGS. All rights reserved.

ROVs

ROVs

ROVs

Plough

AUVs

AUVs

ThusWhat are we insuring?

SpecificallyWhat are we NOT insuring?

Cargo

Perils

Perils

Perils

Perils

Perils

Tether Mgt System

Perils

Other Factors

ConclusionWhat we are insuring

The best Form on which to insure the equipment

The correct Liability