Guidance note: Where the State is not mandating the procurement of marine transit insurance or coverage for overseas fabrication of materials or equipment during the Development Phase, the following should be included: "The State is not mandating the procurement of marine transit insurance or coverage for overseas fabrication of materials or equipment during the Development Phase. If Respondents are proposing to transport materials/equipment from overseas or fabricate materials/equipment overseas, Respondents should: • confirm that overseas fabrication will be covered under the contract works policy; and • provide the proposed premium and terms of appropriate marine transit insurance." |
Respondents are required to provide:
• an overview of its insurance strategy;
• any departures from the State's insurance requirements as outlined in the Draft State Project Documents, including an outline of the information on which these departures are based and how they provide value for money to the State;
• a letter of support from Respondents' advising broker stating they have reviewed the proposed limits and departures and are satisfied with them;
• in relation to the Project Co Development Phase Insurances and Project Co Operating Phase Insurances only, the proforma spreadsheet of all insurance policies required in the Financial Proformas, including (where relevant):
- rate and insurable value information to calculate indicative premiums;
- itemisation of all charges;
- deductibles;
- limits and sub-limits; and
- itemisation of brokerage;
• details of proposed insurers and main principles of insurance cover for each policy;
• a description of any 'value add' cover included within the proposed insurances; and
• [details of the proposed insurance arrangements for the Pre-Agreed Modification(s).]