16/02/2007
The saga of the MSC Napoli, the 53,409 gross tons container ship that started taking in water in a January storm and now lies, deliberately beached, in Lyme Bay in Devon, has provoked a stream of unsettling images, emotionally-charged headlines and thousands of column inches of reporting and comment.
02/02/2007
A lien means the right to detain possession of somebody else's property as security for a debt. It is an aggressive but difficult tool. Transport operators must understand how to exercise a right of lien properly, or they may face claims for unlawful detention of the goods. The Club would like to offer the following advice.
The Airfreight Industry Minimum Security Standards (AIMSS) initiative is effective, practical and economical.
Many Members and operators are constantly plagued by uncollected / unclaimed cargoes, which may bring about considerable bills on warehousing, container "demurrage" (i.e. late-return charges), and disposal costs. In the worse situations, it may get the transport operator involved in customs problems. Also on the overall account is the hidden time cost incurred in getting rid of the uncollected shipments.
12/01/2007
Cargo, like computer parts, mobile phones, electronic equipment, and spirits in road transit are a target for criminals. A member of the Club recently experienced two expensive thefts involving electronic equipment within the space of two months. One of the incidents happened in the Northampton industrial area of the UK, and in this case, the driver was subjected to some sort of gas being sprayed through the cab's ventilation system to ensure that he stayed asleep during the course of the theft.
The words "without prejudice", which are sometimes marked on business correspondence, are not new to those of you who have worked with insurance and claims cases.
11/01/2007
TT Club, the specialist transport insurance provider, has further strengthened its loss prevention team through the appointment of Laurence Jones to the new position of Manager Risk Assessment.
08/01/2007
In a Circular dated 1 December, the TT Club announced a new cover for Nuclear and Bio-Chemical Terrorist Risks. The Circular reads in part:
On 15 November 2006, Vlad Cioarec, the International Trade Consultant to the ForwarderLaw website for Romania, posted a most informative article on that site entitled
05/12/2006
TT Club, the specialist transport insurance provider, has announced it will offer nuclear and bio-chemical terrorism cover, starting from 1st January 07, in an industry-leading initiative that recognises and responds to demands from the industry that it insures.
24/11/2006
Harry Higham of TM(A) has sent us this item on a recent - and disturbing - case in New York.
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