1.3 P&I claims profile for steel cargoes (2000 to 2015) 1.3.1 The frequency and costs of steel cargo related claims experienced by the American Club between
2000 and 2015 have been substantial. During this period, steel cargo claims have accounted for
US$ 15.4 million in financial losses to the Association.
1.3.2 As summarized in Table 1.2, shortages in landed quantities accounted for the largest frequency of
claims incidents, but were generally not as costly. Wetness and contamination related damages
accounted for 23% of the frequency of steel cargo claims and 40% of the cost of steel cargo claims.
Also, cargo shift, stowage and inclement weather were significant contributors to damages to steel
cargo which led to claims incidents accounting for almost 30% of the frequency and 32% of the
cost of steel cargo claims during this same time period.
1.3.3 Figures 1.2 through 1.17 show examples of various types of damages sustained by steel cargoes
while transported by sea.
1.4 Objectives of the Transport Guidance for Steel Cargoes 1.4.1 Transport Guidance for Steel Cargoes provides loss and claims prevention guidance to vessel
owners, ship managers, seafarers, shippers, charterers and others engaged in the trade of
transporting steel cargoes by ship. This guidance excludes the transport of steel cargoes carried
on deck, steel products carried as required by the International Maritime Solid Bulk Cargoes
(IMSBC) Code and steel cargoes carried in containers.
1.4.2 The Guidance focuses specifically on hazards and hazard contributors/mechanisms that lead to
damages to steel cargoes, and to other situations arising, that are described and summarized
in Table 1.1.
American Club: Transport Guidance for Steel Cargoes
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Table 1.1: A summary of hazards, contributing causal factors, and types of damages/claims
