Joseph Lobo ('JL') has been providing loss adjusting, risk mitigation and property valuation services to the
Insurance, project Finance and Banking industries since 1935. Our offices are located at Karachi, Lahore,
Faisalabad, Multan, Rawalpindi and Kabul enabling us to respond quickly to urgent situations. Our team of
forty experienced professionals, many with over thirty years at Joseph Lobo, includes seven graduate
engineers, five associate engineers and two Master Mariners. JL are engaged by leading Insurers,
Reinsurers and international Brokers and some of the significant work that we have handled includes :
Marine Cargo and Hull:
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On behalf of Owners we supervised necessary hull repairs and jack up of two accommodation platforms
that were disabled at the entrance of Dubai Port. After restoring them to seaworthy condition, we arranged
and supervised safe towage of each Platform to Gadani.
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On behalf of Cargo insurers, we surveyed the loss due to explosion in a ship load of wetted Calcium
Carbide drums and the ensuing fire that resulted in the break up of mv ‘TRAUGUTT’, a Polish general
cargo vessel. The spread of toxic compounds from the extensive spill and hull debri polluted a large area of
Clifton Beach to south of Karachi port.
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We later attended to the grounding of the tanker ‘TASMAN SPIRIT’, its eventual split and the resulting
oil spill of its petroleum Crude cargo. This was the largest loss in Karachi’s maritime history and one of
the largest Crude oil losses in the world. The panel of Cargo Underwriters appointed JL as the Surveyors.
We arranged a salvage vessel for ship-to-ship cargo transfer to minimize the loss.
Property Fire & Engineering:
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JL was engaged by property insurers to investigate the largest Paper factory fire in Pakistan.
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We were engaged by property insurers to investigate the largest fire loss in the Packaging Film industry.
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JL was engaged by property insurers to investigate the largest Terrorism bombing claim that involved an
international hotel.
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Last year and earlier Insurers engaged JL to investigate the two largest Denim textile plant fire losses in Pakistan.
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We routinely investigate power engineering claims for Underwriters including a machinery breakdown involving ALOP and a Property Damage claim of US$ twenty two million.
Personal Lines:
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We investigate Personal Lines & Injury claims including a death claim of US$ fourteen million.
Property Valuation:
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We value industrial and commercial property locally and regionally and are engaged by insurers, project financiers, banks, major commercial and industrial entities besides reputed law and accounting firms.
JL are on the panel of property valuers of the Pakistan Banks Association and the State Bank of Pakistan.