When ships and other watercraft are out to sea for extended journeys, or purposely set to extract product from the ocean floor, they do not have the luxury of stopping at fixed fuel stations or moving product back and forth out in the open water. Instead, they rely on the services of bunkers to refuel, transfer and keep things moving. However, transporting what is often hazardous material can risky, especially in a marine environment. With safeguards such as bunker insurance, it is possible to get coverage for potential mishaps that can occur on the job.
How Accidents Happen
There are many reasons why bunker accidents can occur. With this knowledge, companies must take safety precautions to prevent them from happening. The following are just some reasons that accidents happen:
- Failure of equipment
- Explosions or fires
- Hull issues
- Unintentional ground contact
- Ruptures in the pipeline
- Accidental pollution during shipping
While new technology, more thorough construction and stricter protocol can help prevent new accidents, they can still occur. When they do, the effects are devastating for marine animals and the environment. Because of this, accidents can result in costly litigation that without the backing of bunker insurance. With the potential loss in finance that can happen from a single accident, it is arguably more practical to invest in insurance than to recoup out of pocket for losses.