Meeting on the lessons learned from the Trident Star incident

Deputy Director and Head of Claims Department, Liliana Monsalve, and Ana Cuesta, the Claims Manager responsible for the Trident Star incident, held a meeting in Singapore, on 8 November 2022, with the Shipowner’s Club (the insurer of the ship) to review the handling of the case.   The meeting provided an opportunity to review the lessons learned from the incident so that claims management procedures can be adapted, where appropriate, in future cases.

The Trident Star incident fell under the Small Tanker Oil Pollution Indemnification Agreement (STOPIA) 2006 whereby the shipowner indemnifies the 1992 Fund for the difference between the 1992 Civil Liability Convention (CLC) limit and the amount of compensation paid by the 1992 Fund, up to a limit of 20 million SDR.  In this case, the 1992 Fund paid compensation and was fully reimbursed by the Shipowner’s Club in accordance with STOPIA 2006.  The discussions at the meeting centred around how to improve the management of STOPIA incidents in the future, which will be useful for future cases in which this agreement applies.

The Deputy Director took the opportunity to thank the Shipowner’s Club for their excellent cooperation in this case, both in respect of the handling of claims and the prompt reimbursement of payments under STOPIA 2006.