Subsea Cable Project Risk Management: Deciding Between CCIP Or OCIP – Insurance Laws and Products
Is a contractor-controlled insurance program (CCIP) or an owner-controlled insurance program (OCIP) best for your subsea cable project? This Q&A explores the cost, control and risk considerations. Global demand for green energy is driving the development of subsea cable projects. While subsea cables can represent a cheaper way to transport energy than overground or overhead…