Cost of repairs or replacement, cleanup, material disposal, environmental remediation and emergency response. Direct cost does not include indirect costs, such as business opportunity, business interruption and feedstock/product losses, loss of profits due to equipment outages, costs of obtaining or operating temporary facilities, or costs of obtaining replacement products to meet customer demand. Direct cost does not include the cost of the failed component leading to LOPC, if the component is not further damaged by the fire or explosion.
Source: OGP Report No. 456, Process Safety – Recommended Practice on Key Performance Indicators, International Association of Oil & Gas Producers, November 2011. Global Standards