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John Nash Willis - International Risks
 

John Nash Willis - International Risks

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    John Nash Willis - International Risks John Nash Willis - International Risks Presentation Transcript

    • INTERNATIONAL RISKS Overseas Projects and Trade 1 st November 2011
    • Project Risks
          • General - insurable
          • Political - insurable
          • Financial - mitigation also via financial markets
          • Commercial
    • Typical insurances - projects
      • Confiscation
      • - Confiscation / expropriation / nationalisation
      • - Deprivation
      • - Forced abandonment
      • - Currency inconvertibility / Exchange transfer
      • Physical damage
      • - War on land
      • - Strikes / riots / civil commotion
      • - Terrorism and malicious damage
    • In addition……
      • Insurance covers:
      • - assets
      • - revenues
      • - liabilities
      • Regarding projects:
      • - construction period issues
      • - post construction issues
    • Typical insurances - trade
      • Trade credit insurance – covers not only non-performance of obligor but can also include import or export restrictions, war and transfer delays.
      • 2. Contract frustration insurance – non-performance of a government obligor or of a private obligor where this is due to government action; also addresses import and export restrictions, dovetailing with trade credit insurance