|Document ID (ISN)||57997|
|ISSN - Serial title
||0260-9576 - Loss Prevention Bulletin
|Convention or series no.
||Di Gesso J.
||Refinery losses - Waiting for the big one
||Feb. 1992, No.103, p.1-7. 1 ref.
||The concept of the Estimated Maximum Loss (EML) resulting from a single fire or explosion at a refinery is discussed and an analysis is made of a number of refinery losses. Results show that an EML event on a refinery typically causes property damage of up to 20% of the total site value and that any one refinery can expect an EML event every 2,000 to 2,500 years. The average portion of the annual insurance premium rate required to meet refinery losses equivalent to at least 5% of the total site value is about 0.04% of the total site value.
||major hazards; petroleum refining; disasters
||D - Periodical articles
|Country / State or Province||United Kingdom|
||Fire and explosions
|Broad subject area(s)
||Fires, explosions and major hazards
Petroleum and natural gas industry