RESEARCH FOR RECOVERIES FOR ECONOMIC LOSSES
After a Netherlands-flagged dredger struck a Singapore-flagged vault vessel at Pasir Panjang Terminal on June 14, oil poured into the water.
The oil flow stained many beaches along Singapore’s southwestern beach. After the event, the marsinas at Sentosa and Keppel Bay were among the worst-hit areas, and boat charter cancellations awaited.
” I have easily about 10 charters being cancelled in the first two weeks, and that amounts to roughly S$ 80, 000 ( US$ 59, 000 )”, said Mr Daniel Ong, owner of a super yacht docked in Sentosa’s Marina One.
He added that the fuel flow stains the ships as well.
Before filing a state with the Singapore-flagged bunker tanker and his personal insurer, Mr. Ong intends to collect payments from these delayed bookings to lessen his losses.
Ms Zheng Libin, user of a sailboat berthed at Keppel Bay, has decided to absorb the loss incurred, instead of seeking compensation.
” The problem is if we were to perform a state, in the future they may raise our premium”, she said.  ,
” And of course, filing plan states ( may not be ) so clear, and we may have to rush for sometimes months or even a year for the claims to appear in”.
Seaside businesses had previously told CNA about their concerns that they could n’t survive a three-month hiatus and a potentially lengthy compensation process.