Lloyd’s Market Association Bulletin
This version of the clause has been updated to address a deficiency in the previous version, which carriers viewed as unsuitable for partial losses. In this updated clause, the aim is to target the policy’s indemnity exposure.
Onshore Energy BI Volatility Clause – LMA5515A
For more information or if you have any other enquiries, please contact Dele Fajimolu: dele.fajimolu@lmalloyds.com.
Senior Executive, Technical Underwriting
