This excerpt taken from the BP 20-F filed Jun 30, 2005.
6. PAYMENT LIABILITY AND INDEMNITY
6.1
The
Parent shall reimburse to the Company an amount equal to the costs incurred by the Company in paying the Secondee's salary and providing his other benefits during the course of
the Secondment. These amounts shall be payable by the Parent to the Company monthly in arrears.
6.2
The
Company shall have no liability for any loss or damage (whether direct or indirect, physical, economic, consequential or otherwise) howsoever arising from or in connection with
the provision of the Secondee's services to the Parent and the Parent agrees and acknowledges it shall bear full and sole responsbility for supervising the activities of the Secondee during the course
of the Secondment.
6.3
The
Parent agrees to to hold the Company fully and effectively indemnified in respect of all and any liabilities which the Company may incur to any third party for claims, losses,
liabilities or damages or loss of profit, savings, goodwill, business trade or other economic loss howsoever arising in connection with the provision of any services to the Parent by the Secondee.
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