Japan P&I Club recently issued a loss prevention bulletin discussing the prevention of oil spills and how to deal with them appropriately.
In fact, the bulletin examines the number of P&I accidents reported to the Club and the number of oil spillage accidents for a 10-year period between 20 February 2011 and 19 February 2020.
In total, there were 82 oil spills over the 10-year period, an average of approximately 8 cases annually. This equates to an accident rate of 0.4%. Furthermore, although the number of oil pollution cases is small, this number has increased slightly since 2017 (5 cases in 2020). (4 cases in 2017→ 8 cases in 2018 and→ 12 cases in 2019.)
When the relationship between “No. of cases” and “Insurance claims” in large claims over 10 million yen is compared, as shown in the graph below, 236 large claims occurred in total over the 10-year period, which occupies 11% of the total number of claims.
On the other hand, in terms of insurance claims, those for these 236 large claims account for 83% of the total. When compared by policy year, the insurance claims for major accidents tend to be more conspicuous.
What is more, the average claim per incident, excluding those involving crew and cargo damage was 750 million yen.
According to the club, crew accidents (11,226 cases) and cargo damage accidents (22,247 cases) accounted for 86% of the total number of accidents, and the accident rate was 166%. This means that 1.7 P&I accidents per vessel occurred annually.
When compared with coastal vessels, excluding these two and the number of condition surveys, there were 4,149 oil spills over the 10-year period in total, and accident rates (No. of accidents divided by total number of entered vessels) was 10.6%. The rate of occurrence is about 1.5 times higher than that of coastal vessels, which account for 7.0%.
EXPLORE JAPAN CLUB’S BULLETIN ON OIL SPILL ACCIDENTS HERE
