Abstract

ABSTRACT Oil pollution liability insurance surveys of oil handling installations are undertaken by insurance companies to qualitatively assess the chances that an oil spill will occur and the damage it could cause. By thus examining a facility, a basis is established on which to determine the premium for insurance coverage. In conducting such an oil spill risk assessment survey, many facets of oil handling and storage are considered, such as oil accounting, housekeeping, oil handling equipment, maintenance, outside contractor access and use, oil spill response equipment, and relationships with government agencies. Each facet must be addressed, and affects the final evaluation of the facility. Some of the procedures used for surface oil spills also can be applied to assess the risk of underground oil spills.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.