When discovered early enough, any problems with the fuel can be raised and subsequent action taken to prevent widespread circulation—helping shipowners and fuel suppliers avoid costs that could run to hundreds of millions of dollars.
Unfortunately for the companies affected by the Singapore episode, the financial fallout will likely involve eye-watering insurance claims for damage to machinery and disruption to cargo deliveries. Additionally, shipowners and operators face bills for repairs, lost revenue from vessels being out of commission and potential penalties after failing to satisfy contractual agreements.
Read more: https://www.marinelog.com/legal-safety/safety-and-security/early-warning-system-can-prevent-widespread-fuel-contamination/