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Oil and Gas IQ

The Buncefield Depot Disaster - Examining The Lessons Learned

Posted: 02/14/2012


Tags:   Simmons & Simmons | Philip Vaughan | contract risk management | contract law | Buncefield


In December 2005, there was a major explosion and fire at the Buncefield oil terminal. Then followed five years of civil and criminal actions.

One of the most hotly disputed issues was the liability of Chevron to indemnify the terminal operator.

The Court of Appeal ultimately ruled that the operating company had no right of indemnity.

Philip Vaughan, Partner at Simmons & Simmons will discuss this case, the problems that arise in practice when indemnities are not properly drafted and what issues need to be considered to minimise the risk of the indemnity not operating as intended.

 


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