Stability study

A naval architect in France provided a stability study on a barge which guaranteed it would remain stable up to a maximum cargo load of a specific weight. The condition of this guarantee was that for the barge to maintain stability it had to be loaded as per the loading plan and ballast had to be dispersed in conformity with the plans drawn up.

When the vessel was loaded she capsized and a total of EUR 831,150 was claimed for the loss of cargo. ITIC negotiated with the claimants on behalf of the naval architect. The claim was eventually reduced to EUR 400,000 and paid in full by ITIC.