Fishing & Seafood Processing

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.