Checklist of marine accident cost estimations
| Activity | Pricing techniques | Information sources | |
|---|---|---|---|
| AC11 | First aid in medical facility | Actual expenses | Direct sources |
| Transfer injured crew and passengers | Transportation expenses | ||
| Medical treatment and hospitalization | Expenses paid to clinic or hospital | ||
| Visits to hospital | Transportation expenses | ||
| Pharmaceutical treatment | Pharmaceutical expenses | ||
| AC12 | Compensation for injury or death | Amount of compensation | |
| Gifts to injured crew or passengers | Prices of gifts | ||
| Settlement to victims or survivors | Amount of settlement cost | ||
| AC13 | Absence of the injured crew | Daily wage x non-worked days | |
| Supplementary medical leave pays | Daily supplementary pay x medical leave days | ||
| Replace injured crew during absenteeism | Travel expenses to dispatch temporary replacements | ||
| Co-worker overtime | Hourly wage x overtime hours | ||
| AC14 | Injured crew returning to workplace | Actual expenditures on rehabilitation | |
| AC15 | Recruitment process | Employee wages x time spent and other expenses | Company/expert estimation |
| Training for the new crew | |||
| AC21 | Transfer vessel to repair site | Actual costs of transfer vessel (towing fee) | Direct sources |
| Purchasing material, parts and equipment | Purchasing prices | ||
| Ship repairs and replacements of parts | Expenses paid to shipyard | ||
| Consultation for repair assessment | Consultation fees paid to consulting firm | ||
| Class survey | Class damage and repair survey expenses | ||
| Early retirement of equipment | Estimated value of depreciation in damaged equipment | Company/expert estimation | |
| Early retirement of the vessel | Estimated value of depreciation in the damaged vessel | ||
| AC22 | Cargo loss | Amount of compensation | Direct sources |
| Cargo damage | |||
| Clean-up and disposal for cargo loss | Expenses paid for clean-up, salvage, or disposal | ||
| AC23 | Compensation for damage to other ships | Amount of compensation | |
| Compensation for damage to facilities | |||
| AC31 | Clean-up pollution | Actual expenses of clean-up pollution paid to external services | |
| Remove debris | Actual expenses of removing debris paid to external services | ||
| AC32 | Compensation to restore environment | Amount of compensation | |
| AC33 | Compensation to local communities | Amount of compensation paid to local people or industries | |
| AC41 | Demurrage | Amount of compensation made to cargo owners for delay | |
| Delay of the ship | Vessel charting rate x delay days | Company/expert estimation | |
| Off-hire | Vessel charting rate x off-hire days | ||
| Lost production due to investigation and inspections | Vessel charting rate x days with investigation and inspection | ||
| Additional work to resume business activities | Actual expenditures spent | Direct sources | |
| AC42 | Oil spill response | Expenses paid to oil spill response companies | |
| Firefighting | Expenses paid to local authorities for firefighting assistance | ||
| Search and rescue | Employee wages x time spent and other expenses | Company/expert estimation | |
| AC43 | Meetings with local authorities | Employee wages x time spent and other expenses | |
| Meetings with regulatory agencies | |||
| Follow-up activities | |||
| Safety committee meetings | |||
| Other administrative work | |||
| AC44 | Increased insurance premiums | Amount of insurance premiums increase for crew and vessel | Direct sources |
| AC45 | Penalties | Amount of penalties paid | |
| Fines | Amount of fines paid | ||
| Ship detention | Vessel charting rate x delay days | Company/expert estimation | |
| Suspension of ship class or operation permit | |||
| AC46 | Legal consultation and support | Company’s attorneys x time spent, or expenses paid to legal firms | |
| Disputes and lawsuits | |||
| Judicial proceedings | Fee charged by court | Direct sources | |
| AC47 | Investigation from authorities | Expenses paid to authorities | |
| External consultation | Expenses paid to consulting firms for technical assistance | ||
| Internal investigation | Employee daily wages x time spent and other expenses | Company/expert estimation | |
| Accident investigation reporting | Employee wages x time spent and other expenses | ||
| Additional inspections after investigations | |||
| AC48 | Lost sales | Estimated value of lost orders | |
| Potential loss of market share | Estimated value of potential loss of market shares | ||
| Lack of return on investment | Amount of accident costs x interest rate x period of investment | ||
| Activity | Pricing techniques | Information sources | |
|---|---|---|---|
| AC11 | First aid in medical facility | Actual expenses | Direct sources |
| Transfer injured crew and passengers | Transportation expenses | ||
| Medical treatment and hospitalization | Expenses paid to clinic or hospital | ||
| Visits to hospital | Transportation expenses | ||
| Pharmaceutical treatment | Pharmaceutical expenses | ||
| AC12 | Compensation for injury or death | Amount of compensation | |
| Gifts to injured crew or passengers | Prices of gifts | ||
| Settlement to victims or survivors | Amount of settlement cost | ||
| AC13 | Absence of the injured crew | Daily wage x non-worked days | |
| Supplementary medical leave pays | Daily supplementary pay x medical leave days | ||
| Replace injured crew during absenteeism | Travel expenses to dispatch temporary replacements | ||
| Co-worker overtime | Hourly wage x overtime hours | ||
| AC14 | Injured crew returning to workplace | Actual expenditures on rehabilitation | |
| AC15 | Recruitment process | Employee wages x time spent and other expenses | Company/expert estimation |
| Training for the new crew | |||
| AC21 | Transfer vessel to repair site | Actual costs of transfer vessel (towing fee) | Direct sources |
| Purchasing material, parts and equipment | Purchasing prices | ||
| Ship repairs and replacements of parts | Expenses paid to shipyard | ||
| Consultation for repair assessment | Consultation fees paid to consulting firm | ||
| Class survey | Class damage and repair survey expenses | ||
| Early retirement of equipment | Estimated value of depreciation in damaged equipment | Company/expert estimation | |
| Early retirement of the vessel | Estimated value of depreciation in the damaged vessel | ||
| AC22 | Cargo loss | Amount of compensation | Direct sources |
| Cargo damage | |||
| Clean-up and disposal for cargo loss | Expenses paid for clean-up, salvage, or disposal | ||
| AC23 | Compensation for damage to other ships | Amount of compensation | |
| Compensation for damage to facilities | |||
| AC31 | Clean-up pollution | Actual expenses of clean-up pollution paid to external services | |
| Remove debris | Actual expenses of removing debris paid to external services | ||
| AC32 | Compensation to restore environment | Amount of compensation | |
| AC33 | Compensation to local communities | Amount of compensation paid to local people or industries | |
| AC41 | Demurrage | Amount of compensation made to cargo owners for delay | |
| Delay of the ship | Vessel charting rate x delay days | Company/expert estimation | |
| Off-hire | Vessel charting rate x off-hire days | ||
| Lost production due to investigation and inspections | Vessel charting rate x days with investigation and inspection | ||
| Additional work to resume business activities | Actual expenditures spent | Direct sources | |
| AC42 | Oil spill response | Expenses paid to oil spill response companies | |
| Firefighting | Expenses paid to local authorities for firefighting assistance | ||
| Search and rescue | Employee wages x time spent and other expenses | Company/expert estimation | |
| AC43 | Meetings with local authorities | Employee wages x time spent and other expenses | |
| Meetings with regulatory agencies | |||
| Follow-up activities | |||
| Safety committee meetings | |||
| Other administrative work | |||
| AC44 | Increased insurance premiums | Amount of insurance premiums increase for crew and vessel | Direct sources |
| AC45 | Penalties | Amount of penalties paid | |
| Fines | Amount of fines paid | ||
| Ship detention | Vessel charting rate x delay days | Company/expert estimation | |
| Suspension of ship class or operation permit | |||
| AC46 | Legal consultation and support | Company’s attorneys x time spent, or expenses paid to legal firms | |
| Disputes and lawsuits | |||
| Judicial proceedings | Fee charged by court | Direct sources | |
| AC47 | Investigation from authorities | Expenses paid to authorities | |
| External consultation | Expenses paid to consulting firms for technical assistance | ||
| Internal investigation | Employee daily wages x time spent and other expenses | Company/expert estimation | |
| Accident investigation reporting | Employee wages x time spent and other expenses | ||
| Additional inspections after investigations | |||
| AC48 | Lost sales | Estimated value of lost orders | |
| Potential loss of market share | Estimated value of potential loss of market shares | ||
| Lack of return on investment | Amount of accident costs x interest rate x period of investment | ||
Note(s): The verification of the checklists involved the participation of a Canadian Arctic shipping company
Source(s): The authors
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