Fpso Agreement

كتب - آخر تحديث - 21 سبتمبر 2021

The FSO is designed for 800,000 bbl/d (130,000 m3/d) without downtime. [20] Unless clear contractual conditions are stipulated, it is dangerous for the parties to assume that insurance taken out by a party, which designates all parties as co-underinsured, covers everything. Under English law, the parties cannot presume that an agreed insurance provision for common names would automatically create an insurance-funded liability regime, which excludes the rights of the parties to claim each other for negligence or default. If the parties expect the insurance to respond to certain events by excluding other rights between the parties, this agreement must be clearly specified in the contracts. .