“Navigating Complex Marine Risks” was the title of the event held in Madrid on 17 September, bringing together leading representatives from across the maritime sector. Through scenarios closely reflecting the day-to-day realities faced by shipowners and charterers, the session demonstrated how identifying and managing risks effectively can help reduce friction across the contractual chain and ultimately maximise the financial performance of an operation.Madrid, 18 September 2026.- NorthStandard, the Instituto Marítimo Español (IME) and Zostera Marine chose Madrid’s VP Plaza España Design hotel as the venue for an event that brought together a substantial group of senior professionals from public authorities and organisations spanning shipping, chartering, shipbroking, maritime law, P&I clubs and other specialist areas of the maritime industry. The event marked a further step in the collaboration between the three organising entities, which share the aim of bringing specialist knowledge, international expertise and opportunities for professional exchange to the Spanish market around the key challenges currently facing the maritime industry.NorthStandard adopted a particularly dynamic format for the session: using an entire maritime voyage as the narrative thread for the event, progressing through each stage in turn, from pre-fixture to the load port, the voyage itself, the discharge port and finally post-fixture.Following opening remarks from Mercedes Pardo, CEO of IME and Joel Grau, Managing Director of Zostera Marine, who introduced the event and set the scene for the discussion, Tricia Forrest, Head of Mediterranean & Ireland at NorthStandard, stepped into the shoes of a shipowner or charterer and presented the panel with real-life situations that can arise during a maritime operation. These scenarios provided the basis for discussions covering counterparty creditworthiness, international sanctions, geopolitical and war risks, P&I, bunkers, delays, letters of inde