Keith Broughton

Risk Analysis for Subsea Equipment

An in-depth look into the types of equipment operating from vessels, especially in support of the Oil & Gas Industry, and which insurance covers, or combination of covers, are deemed most appropriate for physical damage on the equipment. Examples of the type of equipment will include, but not be limited to:

* Seismic Streamers

* Remotely Operated Vehicles (ROVs)

* Autonomous Underwater Vehicles (AUVs)

* Diving Equipment

The talk will specifically look at the form of the equipment, the function of the equipment, the various perils that the equipment will encounter and how the physical damage insurance relates to the other types of cover required.

Keith Broughton

The Aim

The Aim

Thus

What are we insuring?

What are the perils we are insuring against?

What other influences must we consider?

Descriptions

* Seismic Streamer

* Remotely Operated Vehicles (ROVs)

* Autonomous Underwater Vehicles (AUVs)

* Diving Equipment

Seismic Streamer

Picture courtesy of PGS. All rights reserved.

Seismic Streamer

Picture courtesy of PGS. All rights reserved.

ROVs

ROVs

ROVs

Plough

AUVs

AUVs

Thus

What are we insuring?

Specifically

What are we NOT insuring?

Cargo

Perils

Perils

Perils

Perils

Perils

Tether Mgt System

Perils

Other Factors

Conclusion

• What we are insuring

• The best Form on which to insure the equipment

• The correct Liability