pi_circular Dry bulk Cargo riskOperational risk Gard
For the past several years, Gard has been using AIS data to better understand our Members’ trading patterns and to provide targeted loss prevention material when and where it may be needed. So far, we have focused on liquefaction of solid bulk cargoes loaded in known hot spots and connected with subsequent tragedies or near misses, as well as areas which have been identified by materials experts as areas of concern. We chose this risk to focus on because while the claim frequency is low relative to other claim types, the stakes are high. A feature of liquefaction losses is the speed at which a ship and crew can be lost, and in many liquefaction cases there have been red flags that were missed, misunderstood, or dismissed.
Geofencing – targeted and timely loss prevention advice to Members | Gard's Insights
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