FAIR Oil & Energy Insurance Syndicate
The principal objective of the Syndicate shall be to underwrite Oil and Energy business from FAIR Members and/ or other sources, principally dealing with the Afro-Asian Oil & Energy business for the account and benefit of the Members, including incidental and associated risks. Furthermore, the Syndicate shall:
Take the necessary actions conducive to increase the retention capacity of the Afro-Asian Markets.
Cooperate with the national companies to develop their technical skills and to increase their commercial capacities.
Provide technical services i. e. risk surveys, loss prevention and control for Afro-Asian risks.