10/07/2006
In a speech to the Logistics Law seminar in London, Mike Foster Claims Director based in the Club's London office, has warned that logistics operators should make sure that their insurance cover is adequate. The reason for this, he explained, was that insurance providers are finding it difficult to keep up with the pace of change in terms of complexity of risk in the logistics and transport industry, and many are still basing their principal insurance product for this sector on a model of the freight forwarding industry that is up to thirty years old.
27/06/2006
Writing in Inbound Logistics magazine, our colleague Dan Negron in New Jersey reports on a recent appeal for help from a member in the United States. He was handling an importation of roof tiles for a client, but it had been held up by the Customs & Border Protection service. There was nothing wrong with the tiles themselves, but the wood used in the crates did not bear a "permanent and legible mark" that it had undergone appropriate treatment against infestation.
25/06/2006
TT Club, the leading transport insurance provider, has announced a number of management changes in its Asia-Pacific and Europe regions.
22/06/2006
THROUGH Transport Club, the international transport mutual, is aiming to increase the volume of insurance business with logistics and transport operators under its new four-year business plan.
15/06/2006
Insurance providers are struggling to keep pace with changes in the logistics industry and need a new approach to understanding risk in the light of today's logistics contracts.
12/06/2006
The explosion and fire on board Hyundai Fortune affected a very large number of containers which had been on their way to Europe, and consequently also very many intermediaries -- whether they call themselves forwarders, NVOCs, NVOCCs, logistics operators or consolidators -- and their clients. While general average is a very ancient maritime institution, it is a fairly rare occurrence these days. It therefore comes as no surprise to note that the ocean carrier's demand for GA guarantees has caused problems for shippers and intermediaries alike: very few understand how it operates in practice. Harry Lee in the Club's Hong Kong office explains:
23/05/2006
While New Orleans gradually climbs out of the troubles caused by last year's flooding TT Club has launched a loss-prevention initiative in the form of a 45-page guide to help port and terminal operators minimise the damage caused by windstorms.
18/05/2006
Harry Lee, from the Club's office in Hong Kong has provided this look at one of the important functions of a bill of lading.
12/05/2006
Dan Negron writes from New Jersey to point out significant changes in US regulations governing the tendering and acceptance of air freight.
03/05/2006
The TT Club has received a boost from industry ratings agency AM Best, which has upgraded the Club's financial strength rating to A- (Excellent) from B++ (Very Good).
12/04/2006
The concept of piracy has something of a romantic ring to it, with 18th-century rogues such as Captain Kidd, Henry Morgan and others receiving a much more favourable press (not to mention treatment from Hollywood) than they deserve. Many people unconnected with the sea probably think that piracy died out with the age of sail but sadly they are very mistaken.
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