Case Study: a leading South Korean shipyard company achieves rapid, fair settlement of a complex drilling rig claim with Charles Taylor Adjusting

Leading South Korean Shipyard Company - Customer Case Study

A leading South Korean shipyard company faced a significant challenge when its advanced drilling rig, the Deepsea Aberdeen, sank in 18 meters of water after an accident during construction. The extensive seawater damage to high-technology equipment below the waterline required a careful and cost-effective repair process to avoid severe financial penalties for the delayed delivery. Charles Taylor Adjusting was appointed to survey the damage and oversee the repairs.

Charles Taylor Adjusting managed a massive repair operation that required over 900,000 man-hours of labor to replace more than $40 million worth of specialized equipment. Through regular and detailed reporting, the vendor enabled a fair, fact-based settlement of this complicated claim just 18 months after the incident. The rig was completely repaired and delivered to its owners, and the work earned Charles Taylor Adjusting the "Loss Adjuster of the Year" award.