The A rated, 100 million North of England P&I club is stepping up its loss-prevention campaign by identifying opportunities within its entered fleet to develop risk-avoidance measures and providing members involved with direct advice and support.
The initiative is one of a series of proactive loss-prevention measures discussed by the club’s loss-prevention working party during its recent meeting in Amsterdam. The aim is to ensure North's continued long-term financial strength through an ongoing process of structured identification and mitigation of risks.
According to North's head of loss prevention Tony Baker, A risk-based approach, along with the experience of North staff, will be used to identify vessels and members where the opportunities to develop risk-avoidance measures are greatest at any given time.
“Our objective is to work more closely with these members, helping them to understand and reduce their risk exposure – rather than trying to work out what went wrong after a major claim,” he said.
A new risk-based approach will also be used for reviewing and surveying the club's 3,000 owner-entered ships. North is working with independent ship-vetting information provider RightShip, which will supply external data to assist with the process.