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Document ID (ISN)57997
CIS number 92-978
ISSN - Serial title 0260-9576 - Loss Prevention Bulletin
Year 1992
Convention or series no.
Author(s) Di Gesso J.
Title Refinery losses - Waiting for the big one
Bibliographic information Feb. 1992, No.103, p.1-7. 1 ref.
Abstract 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.
Descriptors (primary) major hazards; petroleum refining; disasters
Descriptors (secondary) economic aspects
Document type D - Periodical articles
Country / State or ProvinceUnited Kingdom
Subject(s) Fire and explosions
Broad subject area(s) Fires, explosions and major hazards
Browse category(ies) Major hazards
Petrochemical industry
Petroleum and natural gas industry