Subjects:

Energy & Natural Resources Law

Contents:

Part 1 The oil and gas insurance market: an underwriter's view,

S. Merret

A broker's view, D. Culligan.

Part 2 Loss prevention and risk management: market credit for loss prevention in the petrochemical industry,

R. Salter

Managing oil insurance under a hardening market condition,

B. Thomson.

Part 3 Products illustration and analysis: P&I insurance of supply vessels and drilling rigs,

T. Ottosen

Offshore construction insurance - what is it all about?, M. Peachey.

Part 4 Claims and litigation: the adjusting of oil wells - insurance claims,

K. Ross

Limitation of claims in offshore oil contracts,

A. Jones

Litigation of oil insurance - why rare in practice?, A. Higgs.

Part 5 Other legal issues: mutual indeminity in North Sea contracts,

D.D. Peng

Impact of EC Directives on oil and gas insurance,

H. Dundas.

This work offers an overview of the oil and gas insurance market. It addresses market credits, how oil and gas insurance product developed and their function, and analyzes the types of claims and litigation arising, as well as alternative means of dispute resolution.

Relevant EC Directives and their impact on placing oil and gas contracts are examined as are approaches to mutural indemnities in North Sea Contracts. In the context of the increasing magnitude and sophistication of the international oil and gas industry, the critical role of risk management is considered.