3.2  Limit of Indemnity

Not less than £[   ]m21 (escalated periodically as appropriate)22 in respect of any one occurrence, the number of occurrences being unlimited, but in the aggregate in respect of pollution and products liability.

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21  Limit should be determined by the Authority in conjunction with its insurance adviser, taking into account the relevant circumstances of the project.

22  It will be important for the parties to agree an appropriate method of escalation