14 December 2015
UK P&I Club advises on cargo wetting damage and due diligence
An important element of a vessel’s seaworthiness is its ability to resist the ingress of sea water into internal spaces. Yet members are continuing to experience high value cargo damage claims relating to the ingress of water in cargo holds. UK P&I Club risk assessor David Nichol examines the problem and advises on loss prevention measures.
Over the years, improvements in equipment design, vessel maintenance programmes and raised commercial expectations have had the effect of significantly reducing the frequency of cargo wetting problems. However, the continuing occurrence of expensive cargo wetting damage claims shows that there is no room for complacency in ensuring that that the required work and resources are put into proper maintenance and checking of cargo related fittings and equipment.
UK P&I Club provides advice on particular points that should be paid attention to:
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For further details, please contact:
Carolyn Monchouguy / Arran Fano / Ed Hooper
+44 20 3697 4200
Notes to editors
The UK P&I Club is a leading provider of P&I insurance and other services to the international shipping community. Established in 1865 the UK P&I Club insures over 225 million tonnes of owned and chartered shipping through its international offices and claims network. ‘A (Stable)’ rated by Standard & Poor’s with free reserves and hybrid capital of $559m the UK P&I Club is renowned for its specialist skills and expertise which ensure ‘best in class’ underwriting, claims handling and loss prevention services.
The UK P&I Club is managed by Thomas Miller, an independent and international insurance, professional and investment services provider.
Thomas Miller is an independent and international provider of insurance, professional and investment services.
Founded in 1885, Thomas Miller’s origins are in the provision of management services to mutual organisations, particularly in the international transport and professional indemnity sectors; where today they manage a large percentage of the foremost insurance mutuals. Thomas Miller also manages insurance facilities for all the self-employed barristers in England & Wales, as well as trustees of pension schemes, patent agents and housing associations.
Principal activities include: