What are Loss Payee, Additional Insured and Insured?
From an insurance perspective, "Additional Insured" and "Loss Payee" are both terms used to describe how parties other than the named insured are covered under an insurance policy. However, they…
What are the differences between additional increased cost of working cover (AICOW) and increased cost of working (ICOW) cover?
The terms "additional increased cost of working cover" and "increased cost of working cover" are related to insurance policies that provide coverage for financial losses incurred by a business due…
How does turnover based annual construction all risks insurance programme work?
A turnover-based annual construction all risks insurance program is a type of insurance coverage specifically designed for construction projects. It provides protection against a wide range of risks and perils…
What is EBOP , CBOP and fully wrap EPC in construction terms?
In the context of balance of plant (BOP) in power plants, the terms EBOP, CBOP, and fully wrap EPC are typically used to describe different approaches or contracting arrangements for…
What is Small Modular Reactor? Is it better than Renewable Energy?
What is Small Modular Reactor? A small modular reactor (SMR) is a type of nuclear reactor that is smaller in size and power output compared to traditional nuclear power plants.…
What are the differences between Refinery and petrochemical？what are their respective risks?
Refinery:A refinery, also known as an oil refinery, is an industrial facility that processes crude oil into various usable products. Crude oil is a naturally occurring liquid mixture that contains…
Subsea Cable and Types
In the telecommunications industry, there are generally two types of subsea cables: fiber optic cables and power cables. Let's explore the major differences between these two types: Fiber Optic Cables:…