Many oil and gas projects, such as process plant, comprise units which are completed, tested and commissioned in phases prior to completion of the whole project. The project owner may then decide to either leave these commissioned units idle until handover of the project or , commence their operation prior to project completion. In both scenarios there is a risk that 'gaps' will arise in the insurance cover in the period from completion of individual commissioned units until completion of the whole project. Here, Nick Prowse and Peter Hall, Partners, and Edmund Grobel, Associate, of Norton Rose legal practice, consider the insurance implications of a phased delivery of individual units and the associated risks of which a project owner needs to be aware.
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