Page 370 - Fire Insurance Ebook IC 57

Fire and Consequential Loss Insurance

Material-Damage insurance.
(d) Those risks where only some plants of the entire

complex are rateable under the Petro-chemical
Tariff, provided that the Total Sum Insured of such
plants is less than 25% of the Sum Insured on the
Material Damage Insurance of the

(iii) Eligibility criteria - The risks falling under this Tariff
have to satisfy certain minimum requirements :
(a) Plant area should be protected with hand appliances
in accordance with the Fire Protection Manual and
hydrant service having the prescribed minimum
pumping capacity and discharge pressure and two
hours water supply for the pumping capacity.
(b) All hazardous storage areas and tanks farms should
be protected by hydrant services as specified.
(c) Electrical installation throughout the premises should
comply fully with Tariff rules.
(d) All process equipment and storage vessels should
be continuously electrically bonded and grounded
to give adequate protection against lightning and for
safe dissipation of static discharge.

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