1) Is the Condensate Flash Drum (CFD) in an area where flammables or combustibles are stored or handled? Does a pipeline of flammables or combustibles pass through or overhead of the CFD area? If there is a leak in a nearby system of flammables or combustibles, can it affect the CFD and/or it's area?
2) It means the insulation on the CFD is held in place by steel bands. It probably has a weather barrier covering the insulation and steel bands, so it is not visible. It's a common construction technique. I think what you mean by "Is it fire proof or non fire proof?", is - will the insulation *system* retain it's integrity during a credible fire and the subsequent response of all fire protection systems, both automatic and manual? If so, then you may take a credit for reducing the heat input from the fire for sizing the relief device. The most important factors for this are the insulation material, the construction techniques, and how good has been it's maintenance. I've take credit for foam glass, calcium silicate, and mineral wool (not fiber glass). There may be others that are acceptable. Good construction techniques are multiple layers with staggered joints, adequate insulation supports or clips, SS bands, and a SS weather barrier. Again, there may be others that are acceptable. Good maintenance practices would mean to me that at anytime at least 95% of the area is covered. If over 5% is not covered, then additional fire protection methods are used to provide adequate protection. One of those methods could be to shutdown the process and remove all flammables. There may be others that are acceptable.
Good luck,
Latexman