Pro-Active Risk Management
Using this experience in a more pro active way the Club has now modified its ship visit system to concentrate more on claims reduction rather than rule compliance as covered by many other inspection regimes.
By using the formula
RISK = FREQUENCY x CONSEQUENCEand analysing 20 years of claims, the Club has identified the
hazards,
threats,consequencesand the
controlling factorsthat would have prevented or lessened the effects of a claim.
Drawing on the experience of its claims executives and indepth claims analysis, the Club has defined 76 of these major threat areas which cause liability claims, and some 450 controls which may be able to help reduce the likelihood of those threats causing an incident. We have worked to trial and develop a system to rate and record these risks, so that a more scientific approach to claims prevention/control can be taken. In time the system will show us trends and benchmarks which we will analyse and use to assist our Members to develop a more focused approach within their own safety systems to help manage their risks better.
Downloads
-
Chart style examples (481 KB)
12/10/2011
Download PDF
Tags
You may also be interested in:
Lessons Learnt: Wet damage to cargo of maize
08/04/2021
During the initial stages of the voyage, the vessel encountered heavy weather, with spray and seas shipped on deck and all hatch covers over a period of 8 days; this video explores how this affected the maize cargo.
In collaboration with I.M.E.Q., Sophia Bullard, Crew Health Director at UK P&I Club, discusses the issue of grief and its impact on crew, exploring the stages, signs and symptoms of grief, as well as coping mechanisms.
Hold Cleaning: the legal issues
09/04/2021
The preparation of cargo holds for the next intended carriage is a critical operation which requires careful planning and execution; this article considers a number of legal issues which may arise, including terms commonly used in charterparties to describe the cleanliness of cargo holds, the consequences of failing to comply with such terms, potentially resulting in off-hire claims and damages, and the role of the independent surveyor.
The UK P&I Club recently held a Webinar on the subject of Mooring operations and safety; the Webinar received overwhelming response with about 2350 registrations from 78 countries.