Law, conventions & regulations
08/05/2012 -
Unless forwarders in China obtain solid evidence that the shipper accepts a Forwarder’s Cargo Receipt (FCR) purely as a receipt, and that there is no requirement to obtain a bill of lading, they can be exposed to claims of loss of cargo payments under Free On Board (FOB) terms.
08/05/2012 -
According to the Maritime Code of PRC, there are two kinds of shippers. This can lead to complications for the carrier/NVOC in identifying who is entitled to be named on the bill of lading. While China may have its own rules, the situation is not unique.
21/12/2011 -
The growth in air/sea movements involving China has reinvigorated a practice that has supported certain supply chains historically. The TT Club has responded to this by designing an Air/Sea Waybill fit for purpose.
21/12/2011 -
The matter of sanctions continues to be an important and complex topic for anyone involved in international trade: buyers, sellers, carriers - and insurers. This article covers recent changes concerning Iran and Syria.
11/10/2011 -
Claims investigations following a recent cargo theft claim reveal the risk exposure in utilising subcontractors without carrying out effective due diligence. Beware!
29/07/2011 -
A group of leading liner operators have put their heads together to identify the root causes of accidents
22/06/2011 -
Are your standard trading conditions adequately incorporated into trading relationships? The value of this was exemplified in a recent court case.
15/06/2011 -
The massive Federal financial services industry regulatory reform legislation passed by Congress and signed by President Obama in July 2010 includes legislation which directly and positively impacts the placing of business with nonadmitted insurers such as TT Club.
09/06/2011 -
Three industry bodies have produced joint research and published safety specifications for container quay cranes. Experts, working from TT Club insurance claims records and with combined operational experience, recommend minimum standard safety features to promote safety.
31/05/2011 -
It is important for carriers, forwarders and other intermediaries to understand the implications of the European Commission’s recent review of its Directive on the Enforcement of Intellectual Property Right when it comes to border procedures.
