Freight transport insurance specialist TT Club has long been concerned over the safety implications of weight misdeclaration and badly packed cargoes in containers. With a significant Amendment to SOLAS (the Safety of Life at Sea Convention) mandating the Verification of Gross Mass (VGM) of containers coming into effect on 1st July next year, Peregrine Storrs-Fox of TT Club warns that the clock is now ticking and that the industry must step-up to its responsibilities.
In the last issue of Containerisation International TT Club’s Peregrine Storrs-Fox examined the implications of the Amendment to SOLAS (the Safety of Life at Sea Convention) mandating the Verification of Gross Mass (VGM) of containers, which comes into effect on 1st July next year. Now, in Part Two of his examination he details the responsibilities of the various parties in the container supply chain.
Leading insurance provider to the international freight transport industry, TT Club is always interested in risk avoidance. Container stacks often present a hazard to a mis-directed crane or forklift. In this article TT’s Risk Management Director, Peregrine Storrs-Fox examines the possibilities of effectively engineering out such incidents to the benefit of the container handling equipment driver, terminal operator, cargo owner and insurer alike.
Peregrine Storrs-Fox, Risk Management Director of leading freight transport insurer TT Club assesses the current security risks that face the world’s container terminals, many of which are also coping with the challenges of larger ships and greater volumes of throughput.
The quayside crane is the most essential piece of equipment on any berth: without it, the whole operation would simply grind to a halt. It is also the biggest single equipment procurement cost for a terminal operator. Unfortunately it is also the biggest single cause of insurance claim costs. .
In the October edition of Containerisation International TT Club’s Peregrine Storrs-Fox looked at the parties within the supply chain who will have responsibility for the Verified Gross Mass (VGM) of packed containers when this becomes mandatory on 1 July next year.
The Club’s claims handlers, including those in Network Partner offices are now fully engaged in providing the Membership affected by the tragic events in Tianjin on the 12th August with proactive support and solutions in...
TT Club’s Risk Management Director Peregrine Storrs-Fox highlights the crucial importance of declaring and handling dangerous goods correctly.
How many of you have had your credit card stolen or cloned and then found purchases on your credit card that were not yours? Unfortunately it is a common occurrence worldwide. The Nielson Report estimated that payment card fraud globally reached US$14 billion in 2014.
TT Club’s Peregrine Storrs-Fox outlines the responsibilities of those engaged in container transport to prepare effectively the amendment to SOLAS (the Convention for Safety of Life at Sea) which becomes mandatory on 1st July next year.