DNV-GL, The Swedish Club, Thomas Cooper, SM Sigma joint seminar

DNV-GL, The Swedish Club, Thomas Cooper, SM Sigma joint seminar


On 17 May 2018 at the Yacht Club in Piraeus, some 150 delegates from prominent ship management, insurance, ship-repair and other companies in the shipping industry attended an interactive seminar on Managing Marine Casualties presented by leading experts in their fields, the insurers, The Swedish Club (Stelios Magkanaris), class, DNV-GL (George Teriakidis), the law firm, Thomas Cooper (Douglas Bateson) and the technical consultants, SM Sigma Maritime (Manos Strongilos). The event was moderated by Nigel Lowry of Lloyd’s List.

The presentation concerned a fictional collision and pollution incident off the port of Gladstone in Australia involving a container vessel and a bulk carrier carrying a cargo of ammonium based fertilizer, from the point of view of the bulker. The panel discussed the competing concerns related to such incidents, including the safety of the vessel, crew and cargo, cooperation with local authorities to bring the vessel to a port of refuge, protection of the environment and clean-up measures as well as actions against the container vessel to recover losses suffered by the bulk carrier.

The complementary, but at times competing, concerns of the various parties to the adventure were discussed in an animated panel discussion with audience participation and included the need for early and coordinated response between owners, insurers, class and advisers, both legal and technical as well as commercial issues to bring about the most advantageous conclusion of matters for all concerned.

The bulker was entered with DNV-GL and had the advantage of the enhanced Emergency Response Service (ERSTM) now offered. This assisted in rapidly modelling and determining the stresses that the vessel was subjected to following the collision in conjunction with information and technical analysis supplied by SM Sigma Maritime at the casualty. Rapid evaluations were made as to the likely losses suffered so that appropriate legal securities could be obtained from the container vessel insurers, taking into account the questions of appropriate jurisdictions and limitations of liability potentially available to the container vessel. The Swedish Club was on hand throughout to provide both insurance coordination and average adjusting advice, to ensure the maximum possible return in General Average for the owners’ expenditure in that regard. Throughout, Nigel Lowry kept the participants in line with probing questions and comments.

The event was followed by a short reception where the issues raised by the presentation continued to be discussed in a more informal setting.