Compensation Services

Expertise covers three main areas:

Marine pollution impacts

• Post-incident technical assessment of economic/financial, environmental and social impacts;
• Development of compensation methodologies to determine losses;
• Support for compensation negotiations, and liaison between claimants and authorities/insurance companies;
• Modelling of alternative outcomes of incidents; and
• Pre-impact assessments of fisheries in high risk areas

Cargo damage impacts

• Assessment of the extent of damage to fish products in terms of quality;
• Quantification of market damage/economic loss, resulting from lost sales or reduced prices; and
• Identification of ways to reduce risk and improve monitoring.

Physical impacts

• Assessment of the financial impacts (on assets and revenues) to vessels and aquaculture facilities following collisions and natural disasters;
• Quantification of the financial impacts on vessel operators of reduced access due the inability to access fishing grounds, or a requirement to modify fishing activities (e.g. from wind farms, pipelines); and
• Quantification of loss of earnings following personal injury.