It is right. It's from the flue, which is the void in the centre of the pipe, not the casing which is not "the flue".I don't think that's right. Flue manufactureres give the minimum distance between the flue and the combustible material. They don't expect the user to extrapolate to the inner wall of a twin wall flue.
With twin wall or insualted pipes, the manufacturer will allow for the thickness of whatever is around the flue.