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INFORMATION FOR INSURERS
ONESTEP POWER
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“The [UK P&I] Club reveals that main engine failures or electrical blackouts now amount to 7% of its third party claims property damage in US$ terms. Many were enormously expensive and in some cases amounted to millions of dollars. Ships effectively out of control as a result of these problems have caused extensive damage to berths, locks, bridges, navigational marks, loading arms, cranes and gantries as well as moored ships. Costly collision and grounding claims can similarly be caused by these failures.” Source: P&I Club UK
Resources:
UK P&I Club Risk Focus 2012: Loss of Power & Bow Tie Approach
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