OREANDA-NEWS. October 29, 2010. Kaliningrad-ROSNO branch of the North-Western Directorate has concluded a property insurance contract with CJSC Balt Nafta. The contractual insurance amount is 1,573,535,469 roubles, reported the press-centre of ROSNO.

CJSC Balt Nafta has been established specifically for the purpose of construction and operation of oil processing terminal located in the town Svetly, the Kaliningrad Region. This terminal facility has been designed to transship 900 thousand tons of exported refined oil per year.

Pursuant to the concluded contract, IC ROSNO has provided insurance protection for buildings, machinery, equipment, transmission devices and installations located at the oil transshipment base belonging to CJSC Balt Nafta. The property has been insured against the full set of risks: fire, lightning stroke, gas explosion, breakdowns, electricity outages, explosions in boilers, gas storage silos, oil and oil product reservoirs, machinery and devices; falling aircrafts, storm, hurricane, hail, rain shower, other natural disasters, burglary, and deliberate third-party actions.

The contract will be valid for 1 year.