Grains and soya beans cargo claims review
This overview of claims has been provided by The Swedish Club
The Swedish Club has released a detailed analysis of cargo claims in relation to grains and soya beans having reviewed 200 bulk carrier claims. To be included in the statistics the claims had to have generated a cost of at least $5,000 and have been made between 2018 and 2022.
The average frequency for the five-year period is 0.056, which means that 5.6% of all bulk carriers have made a grain claim. Since 2019 the Club has seen a steady increase in the frequency of claims.
Grains
During the five year period of the report the most common claims were for shortage (63%) especially during discharge (68%) and these were seen most commonly in North Africa and China.
About 70% of shortage claims occur due to discrepancies between the vessel’s figures and shore figures. In this five-year period there were few claims in China until 2021, but since then Swedish Club said that it had seen a steady increase in the region. Over the entire five-year period, however, most claims were in North Africa.
The increase of claims in China over the last couple of years could be related to the pandemic, Swedish Club said. The severe lockdowns that were seen in many cases delayed the vessel. They also made it difficult for surveyors to attend the vessel for inspection. Crew and stevedores were also more hesitant to interact with each other because of the risk of becoming infected. This led to the crew not being able to verify the cargo operation and taking draft figures. The Club said that it had seen a similar picture with soya bean claims.
Shortage contributed to 44% of the total claims cost, with an average claim cost of $35,000. Although shortage claims appeared to be of relatively low value, the aggregate cost of these claims was significant.
Non contribution towards General Average (GA) contributions made up 20% of the total cost. The average claim cost was $800,000, but this type of claim was not common.
98 | ISSUE 106 | DEC 2023 | THE REPORT
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