Dan Negron, Senior Underwriter at TT Club, reflects on the impact natural disasters have had on the insurance industry in 2017
The foremost port and cargo handler insurer, TT Club has spoken of the risk factors most commonly facing port authorities and terminal operators, offering focused advice on how these entities can most easily minimise risk of damage to both cargo and equipment, bodily injuries and reputational impairment.
Safety aspects of the way in which cargo is packed and transported in unit loads across the global supply chain continue to be the focus of opportunities for improvement. During a session of the Intermodal Europe Conference in Amsterdam today, four industry organisations representing different sectors of the supply chain have been drawing attention, in particular, to the responsibilities of container owners and operators in providing equipment that is fit for purpose and properly packed with cargo as set out in the CTU Code.
The Trans- Pacific Asia Conference, held in Shenzhen, China last month provided an opportune forum for leading international freight transport insurer, TT Club to add its voice to growing concerns over the frailty of the global supply chain when faced with cyber-attack.
Freight insurance specialist TT Club and the UK P&I Club, a leading provider of P&I insurance and other services to the international shipping community, two Thomas Miller managed transport insurers have joined forces with Exis Technologies to move the Hazcheck Restrictions Portal into its next development phase.
The industry coalition committed to promoting the use of the Code of Practice for Packing of Cargo Transport Units (CTU Code)* stresses two of its primary aims: the need for more widespread communication of the Code’s existence and greater cooperation from all parties in the supply chain in putting the Code’s guidelines into practice in accordance with their roles and responsibilities.
London International Shipping Week takes place between 11th and 15th September, during which an event at the IMO will focus on the correct packing of Cargo Transport Units (CTUs) and the safety issues that result from poor packing and securing practices. ‘Safety in the Intermodal Supply Chain’ will promote the awareness, understanding and implementation of the IMO/ILO/UNECE Code of Practice for Packing of Cargo Transport Units (CTU Code). The event will take place on Tuesday 12 September at 17:30 in the IMO Building, London and will be followed by a networking reception.
IMO Secretary General and European Commission officials were present at the launch of a CTU Code Compliance Campaign in Brussels. During a seminar, communication of best practice in packing and securing cargo and compliance across all modes was urged.
European Shipping Week will take place in Brussels from 27 February to 2 March and there delegates will focus on the correct packing of Cargo Transport Units (CTUs) and the safety issues that result from poor work practices.
As part of its on-going campaign to improve standards of the safe packing of unit loads, including shipping containers, specialist freight transport insurer, TT Club has issued specific guidelines on packing and securing coiled materials in containers. In general, investigations into incidents along the international supply chain – whether on roads, rail, inland waterway or at sea – can often be attributed to poor practices in the packing of cargo transport units (CTUs) and coiled materials are a particular hazard.