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Product recall claims in the downstream oil and gas sector

This paper discusses product recall claims in the downstream oil and gas sector, highlighting the potential for claim complexities and significant costs.

The writer outlines the typical cover that is provided by product recall insurance, the circumstances in which a claim can be made and the challenges for manufacturers in this sector when a product is found to be defective. The writer considers policy extensions such as Dismantling and Assembly, Testing and Sorting and Impaired Property Endorsements. Common policy exclusions are also discussed, including breach of legal obligations and contractual liability.

File Type: pdf
Author: Ian Woodhead