Details of PTTGC's insurance

THURSDAY, AUGUST 01, 2013
Details of PTTGC's insurance

PTT Global Chemical unveiled further details on its insurance, which will help it cope with losses and expenses related to the oil spill in the Gulf of Thailand.

In the filing to the Stock Exchange of Thailand, the company said that it has three insurance policies with Dhipaya Insurance, with combined coverage of over US$2 billion.
The cleanup expense will be covered by the Third Party Liability, with limit of liability at US$50 million.