Page 368 - Fire Insurance Ebook IC 57

Fire and Consequential Loss Insurance

The Tariff was, thereafter, revised in 1981, 1987 and
in 1996 to meet the changing scenario of the
industry.

The Tariff comprises of definitions, eligibility criteria,
and rating procedures for arriving at the basic rate of
the plants, application of loadings and discounts for
inferior and superior features respectively, recommended
distances between plants, plants and tank farms, utilities,
the details of 'Mutual Aid Scheme', application of 'Silent
rates', regulations for electrical installation, fire and
explosion protection system, etc.

Q2. Write a note on the petrochemical tariff in
respect of following.

Ans.
(i) Applicability of tariff - The tariff is applicable to:

(a) Petrochemical plants,
(b) Petroleum Refinery Plants including Sulphur

Recovery.
(c) Fertiliser plants with feed stocks like Naptha,

Natural gas, etc.

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