04/12/2003
In recent years at least six big container ships have been seriously damaged by major fires or explosions. Apart from the loss of life and injury to seafarers, each accident caused millions of dollars of damages. Experts attribute most of these incidents to hazardous materials that were loaded into containers but not declared to the carriers.
17/11/2003
Speaking at the Intermodal Transport & Logistics Conference in Rotterdam earlier in this month perishable trade expert and consultant to TT Club, David Heather made clear the necessity for operators dealing with the transport of perishables to adopt more disciplined loss prevention strategies.
31/10/2003
TT Club, a leading transport insurance provider, has confirmed that its latest assessment of claims resulting from Typhoon Maemi, the devastating storm that hit South Korea on 26 September, is substantially reduced from the initial estimates of US$40-50 million, with the likely level of claims faced by the mutual not expected to exceed US$25 million.
03/08/2003
TT Club, a leading provider of insurance and risk management services to the international transport and logistics industry, has announced that senior underwriter Andrew Kemp is transferring from London to Singapore. From 1st August 2003 he takes up the new position of Regional Underwriting Manager for the Asia-Pacific region, while also retaining responsibility for the Club's Indian Subcontinent business.
14/07/2003
This prestigious Award - sponsored by the TT Club, FIATA, and IATA - has just completed its fifth successful year. It is aimed at encouraging training in forwarding and enlarging the professional experience of the candidates. The Award is open to young freight forwarders whose age will not be greater than 30 in the competition year and they must have been working full-time in forwarding for at least two years.
11/06/2003
Mr Zahid Mehmood, the Manager of Star Logistics International, freight forwarders in Lahore, has sent us the following item on the dangers of accepting consignments from "unknown" shippers. "I read your TT Talk Edition regularly and I wish to share an incident with you, which I have seen at Lahore Airport. Please also share this with your readers so that they can also be careful about booking freight from "unknown" shippers.
05/04/2003
In our last edition, we published some advice that Harry Lee from the TT Club office in Hong Kong had recently given to a Club Member there on the risks involved in handling consignments of personal effects. That has prompted Mike Foster, of TTMS(UK) to comment that, in the UK at least, bills of lading for shipments of personal effects will be subject to the Unfair Terms in Consumer Contracts Regulations of 1999. Mike reminds us that under the Regulations, a contractual term is not binding on a consumer if it is unfair. A term is unfair if:
24/03/2003
The Board of TT Club, the leading provider of insurance and risk management services to the international transport and logistics industry, has announced its financial year 2002 results.
18/03/2003
In the wake of growing US and international legislation relating to transport security, TT Club today unveiled a unique self-analysis tool enabling TT Members to ensure they become and remain compliant with these essential regulations. Accessed through the TT Club website, the interactive service is fast and free to registered users.
28/01/2003
AM Best has revised the outlook of TT Club's rating (Through Transport Mutual Insurance Association Ltd) following a review of its performance since May this year when the Club reported its 2001 loss of US$40m including a strengthening of claims reserves of US$23m.
13/12/2002
The reader who kindly contributed an item under this heading in TT Talk Edition 27, has told us another
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