OREANDA-NEWS. August 07, 2009. The Kaliningrad branch of ROSNO’s North-Western Directorate has concluded insurance contracts covering property and potential production stoppage losses of CJSC Sodruzhestvo Soya for the total amount of 430,333,329 US dollars, reported the press-centre of ROSNO.

One of the contracts covers the company’s movable and immovable property, including machinery and equipment. The company’s property has been insured against the following risks: fire, lightning stroke, explosion, aircraft impact, storm, hail and other natural disasters; damage by water from water supply, heating, sewage and similar systems; and deliberate third-party actions. The contractual insurance amount is 429,943,329 US dollars.

The second contract covers property interests of CJSC Sodruzhestvo Soya related to the company’s intention to avoid losses in case of a possible cessation of its business (advanced processing of oil cultures) resulting from the loss of, or damage to, its property due to the reasons beyond the company’s control. The contractual insurance amount is 390,000 US dollars.