Title

UNDERSTANDING OF OIL & GAS CONTRACT AND ITS INSURANCE CONDITIONS

Date

26 - 28 November, 2012

Duration

3 Days

Level  

Intermediate / Advance

Time

9.00 am to 5.00 pm

Venue

• Understanding the key features and the salient points of the contract wordings.
• Dovetail various insurance cover required to comply with the contract.
• Describe the scope of works perform by the O & G Contractors and their duties and responsibilities.
• Understand how disputes may arise under the policy and the resolution available.

• A better understanding on Oil and Gas Operations and the related exposures.
• Understand the key conditions in the contract and how they affect the insured and the insurers.
• Enhance Insurers ability to underwrite this class of insurance.
• This is an enhanced programme where the lecturer will take the participants through a comprehensive review of a typical contract and equip the participants with the requisite knowledge to advise their customers.
  
  

• A typical Oil & Gas Contract.
• Coverages requires under the contract.
• Overview of work carried out by Oil & Gas related Contractors.
• Understanding the Contract Document.
• Duties, obligation and responsibilities of the Contractors and the Owner.
• Provision of work to be carried out by contractor.
• Right of Owner in relation to works.
• Final Acceptance of work by owner.
• Contractors warranties, Manufacturers warranty, survival warranties, Production warranties.
• Indemnities-Patent infringement, Indemnification for liability, Indemnification by contractor and sub contractor
• Scope of work.
• Insurance Requirement.
• Termination and Defaults - Owner and Contractor.
• Indemnities and Liabilities - Owner and Contractor.
• Liquidation for delay in performance, deficiencies.
• Disputes and resolutions
• Miscellaneous - non-disclosure, severability, waiver, Governing Law, assignment.
  
  

Fees Category

Course Fee Per Person

LOCAL

INTERNATIONAL

Group Registration