Title

UNDERSTANDING OF OIL & GAS CONTRACT IN RESPECT OF COMPREHENSIVE GENERAL INSURANCE AND WORKMEN'S COMPENSATION INSURANCE

Date

5 – 7 June, 2012

Duration

3 Days

Level  

Intermediate / Advance

Time

9.00 am to 5.00 pm

Venue

Seri Pacific Hotel Kuala Lumpur
Jalan Putra
50746 Kuala Lumpur,
Malaysia

Tel (603) 4042 5555
Fax (603) 4041 7236
E-mail: resv@seripacific.com
http://www.seripacifichotel.com

Trainer

1. Mr. Ramasamy Meiyapan

Key Learning Outcomes           

Upon Completion of the course, participants well are able to:

• Understanding the key features and the salient points of the contract wordings
• State the various insurance cover required to formulate 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

Key Objectives

• A better understanding on Oil and Gas Operations and the related exposures including Claims
• How does a Contract looks like, what is important in the contract and how will they affect the insured and he insurers
• Going forward Insurers will be able to underwrite this class of insurance with better understanding and confidence
• Previous participants have committed that is course provides something we have not been exposed before especially understanding the contract especially Insurance requirements and also understanding how the insurance requirement are handled

Key Course Contents

• What is an 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

Course Fee Per Person

Fees Category

LOCAL

INTERNATIONAL

Single Registration

RM 1960

USD 900

Group Registration

20% Discount will be given to the fourth and subsequent registration