The Joint Natural Resources Committee (JNRC) Survey and Engineering Sub-Committee has published a best practice document to provide guidance to insurers in preventing and mitigating insurable losses relating to offshore marine risers and umbilicals.

The guideline explores industry best practices in the design and operation of this equipment and historical losses to provide key recommendations in achieving this purpose. It is recommended that these key aspects are carefully considered by insurers during risk appraisal and selection of construction projects and operational facilities which include these equipment classes.

All other changes relate to formatting, typographical and grammatical amendments as well as updating the acronyms.

The guidance can be downloaded here.

Dele Fajimolu
Senior Executive, Technical Underwriting
dele.fajimolu@lmalloyds.com