The International Group’s Large Casualty Working group had previously concluded a review of the 20 largest shipping casualties that had occurred between 2002 and 2012. The working group has now updated its review by including further six major casualties that have occurred since 2012 and updating accordingly its conclusions and recommendations.
The key issues considered were:
- Location, water depth, availability of response equipment and weather
- Contractual arrangements
- Performance of salvage masters, contractors and special casualty representatives
- The extent of government or other authority intervention
- Bunker removal operations
- Container ship casualties
The objectives of the review were to identify and assess the factors which have caused or contributed to the significant cost escalation of recent major casualties (particularly in relation to removal of wreck (ROW) and SCOPIC expenditure) and to provide recommendations and guidance to clubs in relation to how this cost exposure might be mitigated. The initial review was based on the 20 most significant casualties which resulted in claims on the Group pool occurring in the 10-year period from 2002 to 2012 involving ROW and SCOPIC liabilities, with relevant clubs providing input on their respective casualties. In March 2016, the review was updated to take into account a further six casualties occurring post 2012.
For further information you may read the review below
Source: Standard P&I Club
