Home Marine InsuranceClaims North P&I Club publishes briefing paper detailing the dangers of cargo liquefaction

North P&I Club publishes briefing paper detailing the dangers of cargo liquefaction

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David Richards, Director (Claims), North P&I Club

North P&I Club has released a new briefing paper exploring the insurance implications when solid cargoes behave like fluids and presenting typical responses to claims arising from cases of liquefaction.

Published today, 25 May 2022, A Most Dangerous Trade: The Problems of Liquefaction provides insight into the consequences of liquefaction, whereby solid bulk cargo behaves like a fluid, creating a free-surface effect that may, in certain cases, cause the vessel to capsize. The paper is written by David Richards, Director (Claims), North P&I Club.

Opening with an overview of the phenomenon in the maritime context, A Most Dangerous Trade describes how liquefaction risk might be overlooked initially and later identified during loading or mid-voyage – despite compliance with the International Maritime Solid Bulk Cargoes (IMSBC) Code. The paper goes on to investigate the insurance implications of liquefaction causing the loss of a ship – presenting typical claims responses from charterers and cargo interests – and outlines the role of P&I providers in covering such incidents.

A Most Dangerous Trade: The Problems of Liquefaction is available now. To download, visit: nepia.com/articles/a-most-dangerous-trade-the-problems-of-liquefaction/ 

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