OREANDA-NEWS. June 03, 2010. The branch of Ingosstrakh OJSIC in Rostov-on-Don signed the insurance contract of construction and installation and third party liability during construction and installation works with Yuzhtekhmontazh CJSC. The construction and installation insurance is RUR 3.8 billion, limit of insurance liability is RUR 3 million.

The subject of the contract is the construction of oil fuel terminal in Novorossiysk. Insurance cover includes the construction, installation and commissioning of its facilities, including materials, structures, installations and equipment, main and auxiliary work, as well as removal from the area of wreckages and obstructions and other expenses. 

Furthermore, construction and installation insurance (material damage insurance) includes in the amount of insurance indemnity the expenses related to overtime work during nighttime and state holidays, requirement of urgent delivery of goods (except for air transportation), additional expenses related to the necessity of delivery of goods by air transport, transportation to contracting worksite by any type of transport, except for water and air, within Krasnodar region.