Optimise Maritime Claims Handling |Lloyd’s List Intelligence

Navigating complex maritime claims with confidence

Managing maritime claims has become increasingly complex due to high-profile incidents, geopolitical factors, and congested supply chains. The $900 million Ever Given incident, whereby the ship became stuck due to poor conditions, causing a bottleneck that caused months of delays, is a prime example of how significant maritime claims can be. Legal professionals and claims handlers need reliable tools that help validate claims, assess liability, mitigate risks, and minimise costs to navigate these challenges.

Lloyd's List Intelligence provides access to essential tools including historical AIS data, ownership records, and i-law, our innovative legal research platform. These tools ensure that claims handlers can manage maritime claims more effectively while protecting their client's interests, offering them the actionable insights they need to make informed legal decisions.

Understanding the complexity of maritime claims

Maritime claims present a myriad of challenges, often involving multiple layers of complexity, including vessel collisions, FD&D disputes, and charter party disagreements. These incidents are becoming more frequent due to:

Congested supply chains resulting from global trade risks, leading to delays and logistical disputes.
Geopolitical tensions that create contractual and legal disputes, requiring careful management to avoid costly litigation.
Increased vessel ownership layers which make establishing liability and navigating complex ownership structures more challenging.

These issues require swift and accurate assessments. Understanding vessel movements, ownership structures, and legal precedents is critical to efficiently handling these claims. A swift evaluation of liability helps mitigate financial exposure and expedite claims resolution.

Real-time data and vessel tracking

Lloyd's List Intelligence provides robust vessel tracking tools that give claims handlers and legal teams the ability to recreate events leading up to an incident:

Historical AIS: Analyse vessel movements around the claim area using historical AIS data, including nearby traffic, port calls, and operational behaviour leading up to the event.
Risk indicators: Use vessel risk scores to assess voyage profiles, congestion, and vessel behaviour to understand the risk factors surrounding the incident.
Incident recreation: Review the entire timeline of events before and after an incident to build a complete and accurate picture for legal assessments.

By utilising vessel tracking data, legal teams can reconstruct an incident's circumstances, ensuring a more thorough investigation and stronger legal footing.

Comprehensive ownership insights

Complexities surrounding ownership can make identifying who is legally responsible for a claim difficult. Lloyd's List Intelligence provides detailed and layered ownership data that simplifies this process:

Seven layers of ownership: Access comprehensive records that reveal direct and indirect owners, including beneficial ownership structures.
Sanctioned entities: Quickly identify legal risks related to sanctioned or high-risk entities operating within the vessel's ownership network.
Clear ownership: Clarify vessel ownership structures to assess liability and responsibility accurately, reducing the risk of legal oversights.

By removing the veil of complex ownership networks, claims handlers can streamline the process of verifying ownership and mitigate potential legal risks tied to sanctions or other liabilities.

Access to the i-law legal research portal

The legal research process is critical in maritime claims handling, and Lloyd's List Intelligence offers access to our proprietary i-law platform, the industry's leading legal research hub. This platform allows professionals to:

Access 100+ years of case law: Reference a vast maritime and commercial case law repository to establish a solid legal position and guide decision-making.
Authoritative commentary: Leverage expert insights from Lloyd's Law Reports, textbooks, newsletters, and quarterly updates to stay informed of the latest legal trends.
Cite precedents: Confidently reference authoritative case law to validate claims, supporting legal arguments with credible and well-documented sources.

The i-law portal ensures that legal teams have access to an extensive case law and commentary archive, providing them with the information they need to substantiate their legal claims and form winning

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Casualty reporting and incident recreation

Casualty reporting and incident data are vital to claims management within the maritime industry. With Lloyd's List Intelligence, legal teams can access comprehensive casualty reports that provide critical insights:

Casualty alerts: Receive real-time alerts of vessel casualties, allowing your team to stay informed and react swiftly to new developments.
Incident recreation: Investigate incidents by reviewing historical data on vessel deficiencies, safety records, and previous casualties.
Full context: Understand the full context of an incident by analysing vessel movements, operational history, and deficiencies to support legal assessments.

By providing full access to casualty data, legal teams can confidently recreate the circumstances of an incident, ensuring that solid, evidence-based insights back their claims.

Legal compliance and liability assessment

Determining liability is a core function of maritime claims management. Lloyd's List Intelligence offers tailored solutions that help legal teams quickly assess liability and ensure compliance:

Downloadable reports: Generate comprehensive, evidence-based reports on vessel activity, congestion, and legal precedents to support claims and streamline the decision-making process.
Validating claims: Use real-time data and historical insights to assess the validity of claims, providing a data-driven approach to liability assessments.
Compliance support: Stay ahead of evolving regulations and liability risks with regular updates, expert commentary, and insights that ensure compliance with the latest legal standards.

These tools allow legal professionals to make informed, compliant decisions that minimise legal risks and expedite claims resolution.

Optimise claims handling with Lloyd’s List Intelligence

Lloyd's List Intelligence provides maritime claims handlers and legal professionals with a comprehensive suite of unrivalled tools and platforms designed to streamline the claims process and reduce risk:

Real-time vessel tracking: Recreate events leading up to a claim with accurate AIS data to assess liability.
Ownership transparency: Understand vessel ownership structures with detailed, seven-layer ownership data to establish responsibility quickly.
Casualty alerts: Stay informed of developments with real-time casualty alerts and historical deficiency data.
Legal resources: Leverage i-law's case law depository, expert commentary, and authoritative resources to substantiate legal arguments.

With these tools, your legal team can swiftly and confidently navigate the complexities of maritime claims, protecting your client's interests and ensuring thorough investigations backed by reliable data.

Optimise maritime claims handling with Lloyd’s List Intelligence