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Advanced Course Petroleum Cargo Loss Control, Claims and Recovery

Course Topics

This two-day course builds on the basics you know to increase your understanding of ship/shore petroleum loss control and effectiveness in claims and recovery, such as:

Recognizing the Existence of a Loss

Loss Prevention and Recovery Methods

Determining Magnitude of Loss

What’s Best Recovery / Settlement Option

Assigning Responsibility and Allocation of Loss

Minimizing Risk and Loss Exposure

Detailed Cargo Reconciliation / Voyage Analysis

Elements of a Successful Loss Control Program

How Best to Proceed if Loss Exists

Time Limits - Filing - Refuting Claims

Calculation of Acceptable Loss Allowance

Mock Arbitration of Actual Cargo Loss Claim

Trouble Shooting Measurement Problems

- Equipment, Personnel and Procedures

Reduce Loss – Increase Demurrage?

System Troubleshooting – Avoiding Pitfalls

Finding Hidden Cargo – Accidental or Intentional

Reducing Risk thru Charter Party / Contract Clauses

Bills of Lading / INCOTERMS / UCC

Oil Loss as an "Incident"

- Types of "Loss Incidents"
- Determine What, Why, How Loss Happened
- Determine How to Prevent it from Happening Again
- Develop Claim from Raw Data
- How to "Walk" Claim to Conclusion - Beginning to End

Field Activities that Reduce Losses up to 45%

Importance of Good Inspectors / Inspections

- How to Get Them

Practical Sample Problems and Calculations

Program Objective: To expose participants to the various methods and techniques currently available to prevent oil losses, minimize exposure to loss and identify and recover those that do occur.

Advanced Course Petroleum Cargo Loss Control, Claims and Recovery

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