Construction of Cross Border Pipelines an Insurance Perspective
Article from: OGEL 3 (2011), in Pipelines
Introduction
Whilst most people involved in Cross Border Pipeline (CBP) projects consider the technical, financial and political issues surrounding a project, insurance is often not considered until the last minute which can lead to some extremely significant problems. This is especially true if the project in question is reliant upon bank funding, as funds will not be released until the required insurances have either been purchased or it has been agreed that they will be purchased at a specific time in the future. The required insurances for a large CBP project can be very diverse ...