OUR LOST PREVENTION PROGRAMME

This publication was specifically released to familiarize the readers with the Loss Prevention Programme of the Club. This risk management programme is combining various effective practical solutions addressing the real life needs of the Club members and their professional experience with the research into the broader issues that are directly impacting on the insurance as well as exposure to claims.

The Club is deals with so many claims every year, using the professional experience and knowledge of the claims handlers, lawyers and former seafarers. The insight that has been gained from numerous claims has enabled us to develop and implement a structured approach to the risk analysis, engaging both company managers and ship crew members to take part in and prioritize the risk management processes on board their vessels. Subject methodology is aimed to demonstrate how exactly the major hazards may occur and what measures can be taken in order to prevent them.

The development of the straightforward diagrams of the incident causes and their consequences with the crew members, management and Club helps is very beneficial. The transparency of such approach will definitely enable the risk management to be prioritized, reducing the associated risks in today's tough financial times...