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Fishing & Seafood Processing
As seafood consumption rises, the fishing and seafood processing industry has become the fastest-growing food production system in the world.
HIRE US
MDD's experienced professionals can help you accurately assess the economic damages incurred by fishing and seafood processing operations as a result of unforeseen events.
Below are some of the areas we can assist.
Aquaculture
MDD can help quantify aquaculture stock loss claims and have experience across both open-pen farming and closed-loop farming operations.
Commercial Fishing
MDD can help with hull and machinery, P&I and personal accident claims related to commercial fishing. These claims can involve injured crew and passengers or damage to third-party property. Clients have also relied on our vast industry expertise for claims related to cargo loss, collisions, and pollution.
Loss of Hire
Another element of fishing & seafood processing is the loss of hire for factory vessels, such as those with onboard seafood processing capabilities. When a factory vessel or a seafood processing plant sustains physical damage, shipowners and plants risk the loss of significant earnings.
Our mandate may include:
- Examine the company’s operational and financial records
- Interview key management, staff, suppliers, and industry experts
- Assess the inventory roll, deductibles, and indemnity coverage
- Calculate damages based on mortality removal from moving and counting or when the cycle ends
- Analyze industry data to determine the effect on profits
- Evaluate the company’s projected performance to its actual performance before, during, and after the impacted period
- Perform market and competitor analyses
- Examine non-loss-related events and conditions that may have impacted actual sales during the impacted period.
- Determine whether any aspects of the business can mitigate some of the loss.
- Calculate damages solely attributable to the incident
- Provide expert reports and witness testimony if necessary
Finally, we provide clients with regular updates and accurate, objective reports that are not only comprehensive but easy to understand.
