The scope of work includes, but is not limited to Construction All Risk (CAR) Insurance coverage for:
1. The Satellites Fields Development Phase 2 Project and
2. Asabo Restoration (Stage 2) Project
To cover physical loss or damage to the project, including third party liability risks, ocean marine and inland transit risks.
Interested Insurers must be able to:
A. Retain a percentage of the risk in the country and re-insure the excess capacity with leading foreign underwriters.
B. Handle claims services, pol icy documentat ion, renewals, endorsements.