Wednesday, July 30, 2008

BC Ferries submits 61 million dollar claim for the Queen of the North

The last act of the ill fated Queen of the North will have been as the subject of discussion between BC Ferries and their insurance company, as the Ferry Corporation submits its annual report, the final claim for insurance was revealed as 61.3 million dollars.

The details of the claim were listed in Tuesday's edition of the Daily News.

Queen of North claim worth $61.3 million
The Daily News
Tuesday, July 29, 2008

Page Two

BC Ferry Services Inc., the operators of the province's ferry system, announced on Monday that it made a $61.3 million insurance claim last year on the sunken Queen of the North vessel.

According to its 2007/08 annual report, the private operator claimed the value of the vessel, which ran aground and sunk near Hartley Bay on March 22, 2006, then used some of the proceeds from the one-time gain to help with the purchase of the Northern Adventure ship that replaced the Queen of the North and now travels the Port Hardy-to-Prince Rupert route.

The Northern Adventure was bought from Fiensburger Schiffbau Gesellshaft mbh& Co. KG (FSG) in October 2006 and was put in to service by March 2007 for the northern run.

The ferry was two-years-old when purchased and needed to be upgraded for service, including safety and security equipment.

BC Ferries also claimed in the report that it spent $2 million on introducing its new SailSafe program.

As a new safety initiative, it brings together BC Ferries management and employees so that they can identify current and potential security and safety problems.

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