Services
Claims Reviews & Contractual Loss Prevention
Learn from claims. Reduce future exposure.
The shipping industry invests heavily in preventing casualties, protecting vessels and reducing operational risk. P&I Clubs all have Loss Prevention departments.
But how much is lost via the contractual process?
Many claims arise not because a contract was poorly drafted, but because contractual obligations were misunderstood, risks were not fully appreciated, key information was not communicated, or established processes were not followed.
A missed time bar. A late notice. A contractual requirement not passed to the operations team. A warning sign that was recognised but not escalated.
By the time a claim emerges, the exposure may already have been created months or even years earlier.
Claims Reviews & Contractual Loss Prevention helps organisations identify the contractual, commercial and operational factors that contribute to claims and turn those lessons into practical measures that reduce future exposure.
What's Included
Depending on the objectives of the review, the engagement may include:
- Review of individual claims or recurring claims trends
- Analysis of contractual, commercial and operational contributing factors
- Assessment of decision-making, communication and escalation processes
- Identification of recurring themes and risk indicators
- Review of existing controls and procedures
- Practical recommendations to reduce future exposure
- Stakeholder briefing and lessons learned workshop
Services Include
- Individual Claim Reviews
- Claims Trend Analysis
- Contractual Loss Prevention Reviews
- Lessons Learned Programmes
- Contractual Risk Management Reviews
Typical Outcomes
- Improved understanding of how contractual exposures arise
- Identification of recurring causes of loss
- Stronger contractual risk management practices
- Better communication between commercial, operational and legal teams
- More effective escalation and decision-making processes
- Reduced exposure to avoidable claims
- Practical lessons that can be embedded across the organisation