Tag: maritime claims

Ansuman Ghosh, Director of Risk Assessment, UK P&I Club highlights how mould, self-heating, wet damage and heat damage can affect the quality of soybeans during transportation and discusses possible mitigation methods. 

As the American Club informs, silver nitrate testing for the presence of sodium chloride (salt) in cargo holds prior to loading is an important practice to prevent claims for damage to steel cargoes.

Daniel A. Tadros, American P&I Club, outlines the importance of the shipping industry better understanding the underlying causes of a phenomenon that cannot be measured or quantified.

Since its launch four years ago the IUMI major claims database has grown considerably in size and improved its data, according to Dave Matcham, CEO of the International Underwriting Association of London (IUA) and Secretary of the IUMI Facts & Figures Committee.

Fire and explosion incidents cause the most expensive insurance claims in the marine industry, while at a time of rising exposures and inflation, cargo damage is the most frequent cause of loss, according to Allianz Global Corporate & Specialty (AGCS).

A new report from the Swedish Club, called "Container Claims – Refrigerated Containers," has identified a peak in refrigerated (reefer) container claims during the pandemic years as a result of disruptions in the supply chain, with a high number of reefer containers being delayed either in port or during transportation to and from port via road or rail.

Interport Maritime published an overview of Bangladesh's main imports and exports, its ports, claims development, as well as guidelines for avoiding and mitigating claims. 

The International Group and the Canadian Ship Source Oil Pollution Fund (SOPF) signed a new Memorandum of Understanding (MoU) in Ottawa on 4th October to strengthen the ties between the two organisations and to ensure that the International Group Clubs and the Fund work in a collective and co-operative manner to handle claims in the event of a future significant ship sourced oil spill in Canadian waters.

Insurance industry losses from Covid-19 are estimated at around $44bn, says Allianz in its recent Global Claims Review 2022.

Fire and explosion, natural catastrophes and faulty workmanship or maintenance have been the major causes of loss by value of insurance claims.