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Standard Offshore Rules
We provide standalone P&I cover on a fixed-premium basis under our Standard Offshore Rules (SOR) up to $1bn for owners and operators of production vessels and $500m for drilling units. These units are generally not eligible to join our mutual P&I Class and share their liabilities through the International Group Pooling Agreement.
- Drilling units
- Floating production units including FPSOs, FPUs, MOPUs
The Standard Offshore Rules cover includes a built-in contractual extension for P&I liabilities assumed under contract, but excludes cargo liabilities and liability for control of well and subsea pollution. See our latest Offshore P&I Rules for full policy details.
The standard cover can be extended as follows:
- Offshore liability Extension (OLE): includescontractual liability for loss or damage to third-party property on board the entered unit or being used from the unit; death, illness or injury of crew while they are not working on board the unit; clean-up of pollution from a well caused by negligence; contractual liability for damage caused by pollution from a well; and clean-up of debris or equipment deposited on the seabed as a result of a casualty. See Offshore liability extension clause.
- Offshore P&I war risks: P&I liabilities arising from war, terrorism and piracy. See Offshore P&I war risks clause.
- Offshore bio-chemical risks: P&I liabilities for crew death, injury or illness arising from bio-chemical risks. See Offshore bio-chemical risks inclusion clause.
How do I get a quote?
Contact our Offshore underwriting team.