The International Transport Intermediaries Club (ITIC) has revealed how it lowered a payout to a yard after a hydrographic survey vessel sank.
The UK club said an unnamed shipyard had lodged a $2m claim for damages and loss of profit.
The naval architect was appointed by the yard to approve the design and stability.
The necessary certificates of compliance were issued by the architect, confirming that the vessel conformed to the relevant standards.
