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Helen Arabanos TT Club - FIATA · Helen Arabanos Senior Claims Executive - TT Club Specialist insurance products and services packaged for the international transport and logistics

Jun 21, 2018

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Page 1: Helen Arabanos TT Club - FIATA · Helen Arabanos Senior Claims Executive - TT Club Specialist insurance products and services packaged for the international transport and logistics

established expertise 1

Helen Arabanos

TT Club

Image © CMA CGM

Page 2: Helen Arabanos TT Club - FIATA · Helen Arabanos Senior Claims Executive - TT Club Specialist insurance products and services packaged for the international transport and logistics

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Agenda

Agenda

• Major incidents involving container ships…

• Container weighing initiative

• An example of broader logistics issues

Page 3: Helen Arabanos TT Club - FIATA · Helen Arabanos Senior Claims Executive - TT Club Specialist insurance products and services packaged for the international transport and logistics

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18,000 TEU – and beyond?

Page 4: Helen Arabanos TT Club - FIATA · Helen Arabanos Senior Claims Executive - TT Club Specialist insurance products and services packaged for the international transport and logistics

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‘Rena’ grounded off New Zealand, Oct 2011

Page 5: Helen Arabanos TT Club - FIATA · Helen Arabanos Senior Claims Executive - TT Club Specialist insurance products and services packaged for the international transport and logistics

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‘MSC Flaminia’ fire, Jul 2012

Page 6: Helen Arabanos TT Club - FIATA · Helen Arabanos Senior Claims Executive - TT Club Specialist insurance products and services packaged for the international transport and logistics

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‘Emma Maersk’, Suez Canal, Feb 2013

Page 7: Helen Arabanos TT Club - FIATA · Helen Arabanos Senior Claims Executive - TT Club Specialist insurance products and services packaged for the international transport and logistics

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Actual

APL Panama

Grounded in 2005

• DWT 52,250

• TEU across 13

• TEU 4,038

• TEU on board 1,805

• Cargo interests 1,445

Global salved fund $145 million

Cargo value for GA adjustment

• US$ 68 million

Potential Scenario

Big Ship

• DWT 157,000

• TEU across 22

• TEU 15,000

• TEU on board 11,250

• Cargo interests 9,006

Cargo value for GA adjustment?

• US$ ??0,000,000

Another logistical nightmare: General Average

Page 8: Helen Arabanos TT Club - FIATA · Helen Arabanos Senior Claims Executive - TT Club Specialist insurance products and services packaged for the international transport and logistics

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Container weighing initiatives

Page 9: Helen Arabanos TT Club - FIATA · Helen Arabanos Senior Claims Executive - TT Club Specialist insurance products and services packaged for the international transport and logistics

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‘Husky Racer’

Page 10: Helen Arabanos TT Club - FIATA · Helen Arabanos Senior Claims Executive - TT Club Specialist insurance products and services packaged for the international transport and logistics

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Case Study: ‘Deneb’

Page 11: Helen Arabanos TT Club - FIATA · Helen Arabanos Senior Claims Executive - TT Club Specialist insurance products and services packaged for the international transport and logistics

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Loss of life, assets (ships & equipment) & product/cargo

Damage to the [marine] environment

Frictional costs of claims handling & recourse

Loss of time, reputation, trade

Increased regulation

What’s the cost?

Page 12: Helen Arabanos TT Club - FIATA · Helen Arabanos Senior Claims Executive - TT Club Specialist insurance products and services packaged for the international transport and logistics

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Summary history of this issue at IMO

MARIN (Maritime Research Institute Netherlands)

research project initiated

MAIB ‘Annabella’ & ‘MSC Napoli’ incident

investigations

WSC/ICS ‘Safe Transport of Container by Sea

Guidelines on Best Practices’

‘Lashing@Sea’ report presented to IMO DSC 15

WSC Statement at IMO MSC 88

Submission to IMO MSC 89

Discussion at IMO DSC 16

Progress at IMO DSC 17

2006

2007

2010

2009

2011

2012

Page 13: Helen Arabanos TT Club - FIATA · Helen Arabanos Senior Claims Executive - TT Club Specialist insurance products and services packaged for the international transport and logistics

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The Law

The current position

International Carriage by Sea

Safety Conventions & Regulations

Domestic regulation (road/rail/inland waterway)

The proposal at DSC 17

Verification of gross mass by

(a) either weighing the packed freight container

(b) or weighing all constituent parts

And to be stated on the shipping document

If not, the Master and Terminal Representative shall not

load on to a ship

Action steps (leading to DSC 18, Sep 2013)

Finalise the proposal

Draw up guidance

Page 14: Helen Arabanos TT Club - FIATA · Helen Arabanos Senior Claims Executive - TT Club Specialist insurance products and services packaged for the international transport and logistics

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The impact through the supply chain

Shippers & packers

Inland carriers

Ports & terminals

Maritime carriers

Authorities

Page 15: Helen Arabanos TT Club - FIATA · Helen Arabanos Senior Claims Executive - TT Club Specialist insurance products and services packaged for the international transport and logistics

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Do not be complacent about safety

Plan ahead and be prepared

Page 16: Helen Arabanos TT Club - FIATA · Helen Arabanos Senior Claims Executive - TT Club Specialist insurance products and services packaged for the international transport and logistics

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Thank You

Helen Arabanos

Senior Claims Executive - TT Club

Specialist insurance products and services packaged for the international transport and logistics industry