/
IMIA IMIA

IMIA - PDF document

debby-jeon
debby-jeon . @debby-jeon
Follow
373 views
Uploaded On 2016-07-23

IMIA - PPT Presentation

Revam and modernisation of machiner y ande q ui IMIA ID: 417161

Revam and modernisation machiner y

Share:

Link:

Embed:

Download Presentation from below link

Download Pdf The PPT/PDF document "IMIA " is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.


Presentation Transcript

IMIA –Working Group Paper 51 (07) Revam and modernisation of machiner y ande q ui IMIA –Working Group Paper 51 (07) Revam and modernisation of machiner y ande q ui pgy pgy WPG 51 (07) –IMIA Tokyo Conference October 2007 IMIA -WPG 51 (07) Revampingandmodernisationofmachineryandequipment IMIA -WPG 51 (07) Revampingandmodernisationofmachineryandequipment Revamping machinery machinery SUMMARYSUMMARY Typical revamping -modernisation works Reasonsforrevamping modernisation Reasons Technical risk evaluation p ects Material Dama g e cover pg Insurance aspects Business Interruption cover Loss experience / loss examples WPG 51 (07) –IMIA Tokyo Conference October 2007 -2 IMIA -WPG 51 (07) Revampingandmodernisationofmachineryandequipment IMIA -WPG 51 (07) Revampingandmodernisationofmachineryandequipment Revamping machinery machinery Reasons for revamping / modernisation :for revamping / modernisation : Extensionoflifetime Testing of latest technology Improvement for maintenance, safety of operation Relocation of machineryEnvironemental strains or legislation changes WPG 51 (07) –IMIA Tokyo Conference October 2007 -4 IMIA -WPG 51 (07) Revampingandmodernisationofmachineryandequipment IMIA -WPG 51 (07) Revampingandmodernisationofmachineryandequipment Revamping machinery machinery Providing coverProviding cover EtiFiAllRiklii E x t on on Fi re, s k s po li c i Extension on Machinery insurance policies Contract works policies WPG 51 (07) –IMIA Tokyo Conference October 2007 -6 IMIA -WPG 51 (07) Revampingandmodernisationofmachineryandequipment IMIA -WPG 51 (07) Revampingandmodernisationofmachineryandequipment Revamping machinery machinery GRASS ROOT PROJECT REVAMPING PROJECT V ALUESATRISK ContractValue CV+EPtobeevaluated V ALUES RISK Contract Value + evaluated TECHNICAL INFORMATIONFor new works onlyFor new works & existing plant DISMANDING WORKS Not involvedUsuall involved WORKS TRANSPORTATIONTo the site onlyMay include to and from workshops for existing plant TESTINGOn new equipment onlyAlso existing plant involved RATESAvailableTo be derived from EAR-rates O RDIN G/CO Sta r d o n s assessed ORDING/COVERS Standard Implications assessed INDEMNIFICATION“New for new”To be defined in wording for EP WPG 51 (07) –IMIA Tokyo Conference October 2007 -8 IMIA -WPG 51 (07) Revampingandmodernisationofmachineryandequipment IMIA -WPG 51 (07) Revampingandmodernisationofmachineryandequipment VltikVltik Revamping machinery machinery V a l ues a t r k l ues a t r k New/replacingcomponents / Components being worked upon Components being protected, moved or disassembled in order to allow the works to be carried out Existing Property : Actual “surrounding property” not being Sum Insured = Contract Value for Refurbishment Works +Vlfitbikd WPG 51 (07) –IMIA Tokyo Conference October 2007 -9 + l ue o f i ng wor k e d upon IMIA -WPG 51 (07) Revampingandmodernisationofmachineryandequipment IMIA -WPG 51 (07) Revampingandmodernisationofmachineryandequipment Revamping machinery machinery RATING APPROACH APPROACH Starting rate = grass-root contract works rate With modificatingfactors : ect Set-u p j p Working environmentspecificitiesComplicated access Delocalisationofexistingplantitems Delocalisation existing Transportation logistics WPG 51 (07) –IMIA Tokyo Conference October 2007 -11 IMIA -WPG 51 (07) Revampingandmodernisationofmachineryandequipment IMIA -WPG 51 (07) Revampingandmodernisationofmachineryandequipment Revamping machinery machinery MAININTERDEPENDANCESMAININTERDEPENDANCES Evaluationof values at risk Revamping of Machinery & Equipment Technology Pricing including Testing WPG 51 (07) –IMIA Tokyo Conference October 2007 -13 IMIA -WPG 51 (07) Revampingandmodernisationofmachineryandequipment IMIA -WPG 51 (07) Revampingandmodernisationofmachineryandequipment DSUpremiumratingaspects Revamping machinery machinery premium a delicate matter in general ! Thilik i k Natural hazardsBI sum insured Influence of Time ExcessIndemnity Period ExistingplantitemstobeincludedasfortheMDcoverinrespect Existing in of the BI effects Ratingguideline: Rating : Rate a comparable standard construction risk WPG 51 (07) –IMIA Tokyo Conference October 2007 -15 IMIA -WPG 51 (07) Revampingandmodernisationofmachineryandequipment IMIA -WPG 51 (07) Revampingandmodernisationofmachineryandequipment CoversandwordingCoversandwording Revamping machinery machinery and and + extensions to existing Property / Machinery covers Contract works cover + inclusion of cover for existing / surrounding property LfPfit oss o f P BI within Existing Property / Machinery Covers WPG 51 (07) –IMIA Tokyo Conference October 2007 -17 IMIA -WPG 51 (07) Revampingandmodernisationofmachineryandequipment IMIA -WPG 51 (07) Revampingandmodernisationofmachineryandequipment Revamping machinery machinery WPG 51 (07) –IMIA Tokyo Conference October 2007 -19

Related Contents


Next Show more