72 coils steel Fell Overbroad Feeder
In November 2011, two vessels collided; one being a feeder with full load of stainless steel sheets from Huangpu to Kaoshiung. 69 coils of stainless steel sheets fell overboard. The potential claim against the feeder operator was USD760,000. Sea carriage is perilous; to operate without insurance is to tread on the thin wire.

Lesson: Take out liability insurance, leave the financial and time burden to the insurer.