Originally Posted by ShinyShoe
Mmm not so sure. The last thing I need is an insurance risk assessor crawling all over my other facilities and systems of work looking at all my risks and wanting to know how I minimise risks and saying 'prove it' to everything. Yes I get rid of an asset i was scrapping anyway, but I get a ton of new headaches.
And an insurer worth his money will be saying you were selling it for £x for scrap you can have £x for it not your fictitious book price.
It all depends on the contract terms, which as armchair experts we are all privy to🤔. The tow might have been at the towing companies risk, therefore the client could be claiming for a total loss, including loss of earnings from the drilling contract it was on its way to. It's all in the small print, anyone got a copy to hand? I have a very good contract lawyer on tap😉. At the end of the day, all we know is that there's a rig on the beach, anything else is conjecture.
Lions led by donkeys