20/01/2004
Transport and logistics insurer, TT Club, explains which shipping details can be changed on a bill of lading and the risks involved
23/12/2003
The Hazworld.com website recently carried an article on the problems that can arise when cargoes are fumigated. Readers with good memories may remember that TT Talk addressed this issue in Editions 17 and 19, published in January and March 2002 respectively. The Hazworld article was prompted by a circular issued by the TT Club's sister club, the UK Pandi Club, following a survey of containers that had recently been carried out in Rotterdam.
12/12/2003
AM Best, the financial ratings agency, has upgraded the TT Club's rating to B++ (Very Good) after its recent review of the insurer's performance.
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.
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