Guidance Note - The Project Owner will need to consider the insurance program which will be effected for the Project, having regard to the specific risks associated with the Project and on advice from its insurance advisers. The risks associated with the Project will be detailed in the Alliance Risk and Opportunity Report which is developed as part of the Project Proposal under the Alliance Development Agreement. The Project Owner will need to consider which of the insurance policies for the Project are to be effected by the Owner Participant (rather than the NOPs) under the Agreement. One of the relevant considerations for the Project Owner will be whether the Owner Participant effecting certain of the insurance policies will reduce the overall cost relating to insurance associated with the Project. Please refer to Schedule 9 which sets out a sample insurance program for the Project Owner's consideration. The sample insurance program in Schedule 9 contemplates the Project Owner (rather than the NOPs) effecting the key insurances for the Project.

For further commentary in respect of insurance matters, please refer to Guidance Note No.2 "Insurance in Alliancing Contracting: Selling Insurable Risks" December 2009.