On 11/9/1998 , the vessel IOLCOS GRACE (Official Number 37082) was involved in a person seriously injured or killed - in contact with any part of the ship or its contents in INDIAN ARM, B.C.,.

The vessel, with 22 persons on board, experienced the incident while engaged in regular operations. Fortunately, the ship was able to continue its voyage. No injuries or fatalities were reported, and there was minor pollution.

This incident was officially recorded by Transport Canada on 8/24/2000 . Weather at the time was reported as rain.

While conducting a lifeboat drill, an uncontrolled descent of a totally enclosed lifeboat occurred. The forward lifting hook of the port lifeboat released prematurely, the forward end of the boat dropped and the keel swung past the vertical, at which point the after lifting hook also released. The boat fell approximately seven metres to the water, landing on its side before capsizing and floating upside down. Five of the six crew members in the lifeboat were able to escape or were rescued from the boat by divers. The sixth person was removed from the boat by the rescue divers but had suffered fatal injuries.