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5 Cargo
Graph 5.6: Cost per loss code – claim categories The top three most expensive categories are inherent vice,
Claims 5,000–3,000,000 (USD)collision and grounding. Inherent vice is caused because
the cargo is not in proper condition when it is loaded.
This emphasises the importance of having proper testing Period: 2005-2014
Types of vessel: Bulk carriers, containers and tankers
procedures to ensure the cargo is within the speciications. Type of claim: Cargo
Cargo claims caused by collisions and groundings show how
As per 29/9/2015
catastrophic claims will have a ripple effect. The reasons
and preventative measures to why collisions and groundings
occur can be found in our publication: Navigational Claims.
Inherent vice12.22%
Collision12.07%
Grounding10.58%
Improper cargo handling, shore-side 8.83%
Improper cargo handling, shipside 7.15%
Fire7.02%
Heavy weather5.72%
Flooding of hold 4.66%
Insuficient cleaning 4.58%
Leaking hatch covers 4.56%
Damage prior to loading 4.03%
Leaking vents3.91%
Multiple causes3.65%
Poor tally3.20%
Poor stowage1.43%
Damage post discharge 1.11%
Leaking pipes0.97%
Reefer mechanical failure0.84%
Poor monitoring/maintenance of reefer unit 0.76%
Leaking container0.58%
Insuficient lashing/securing, shipside 0.49%
Leaking cargo0.42%
Insuficient lashing/securing by stevedore 0.41%
Insuficient lashing/securing by shipper 0.38%
Loading heavy containers on top of light 0.25%
Blocked bilges0.17%
Contact0.02%
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