Suez Canal Insurance wins contract to insure drilling equipment for $2 million
Posted On: Jul. 6, 2016 12:00 AM CSTEgypt's Suez Canal Insurance Co. has won a contract to insure the one of the drilling equipment designated to build a new tunnel under the East Port Said, reported Amwal Al Ghad.
Tarek Qadry, an official at the insurer, said that the equipment will be covered for 17 million Egyptian pounds ($2 million).
The insurance policy covers all risks of land transport as well as risks of property damage arising out of loading or unloading operations.