EPI 63 Storage Tanks

It is agreed that in Section1, Material Damage the following is added to Exclusions to Section1:
Insurers will not indemnify the Insured in respect of:
(a) loss of or damage to storage tanks caused by storm (including but not limited to tropical cyclone, typhoon, hurricane) where the Insured has not taken adequate temporary safety measures during the erection phase to ensure that the tank withstands a wind speed corresponding to a return period of not less than 20 years during its erection period; and
(b) loss of or damage to any storage tank in excess of the number of storage tanks stated below.
The burden will be on the Insured to demonstrate that exclusion (a) shall not apply.
Number of storage tanks: ……..

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