06/12/2010
In recent months the international trading world, including the Club and its Members, has been faced with an intensified sanction regime. The position under the major legislative changes is summarised in this issue and impact all those in the transport and logistics industry involved in international trade, as well as insurers.
The countries and regimes currently targeted by OFAC are:
The Club must clearly act in accordance with OFAC, CISADA and Regulation 961.
25/11/2010
Most contracts entered into by transport and logistics operators are formed by a series of exchanges with their customers through emails, phone calls and so on. But the most effective risk management tool for companies is to make these subject to their standard terms and conditions. This does not happen automatically.
Following a decision made in 2008 by the Maritime Safety Committee (MSC) of the International Maritime Organisation (IMO), the old 'Code of Safe Practice for Solid Bulk Cargoes' (BC Code) was renamed the International Maritime Solid Bulk Cargo Code and its first edition is due to become mandatory from 1 January 2011.
On 21 October 2010 the Chairman of the European Parliament Transport & Tourism Committee (Brian Simpson MEP) led a debate in which he claimed that a 'staggering 10,000 containers were lost each year', the majority of which fell overboard, and that shipping lines and insurers where happy to accept this figure and do nothing about it. This assertion was in part prompted by the MARIN
28/10/2010
We return to the topic of batteries, that was addressed from two different angles in TT Talk Editions 124, 24 Dec 2009 (nickel metal-hydride batteries) and 128, 12 Mar 2010 (recycled batteries).
A question was recently raised concerning rail carriers in the US changing seals without notifying the carrier. CTPAT guidelines clearly state that seal integrity must be maintained during transit.
12/10/2010
A UK Freight Forwarder, who is insured by the Club for Transport Operator liabilities, has a regular weekly groupage (consolidation) service by road between London and Florence.
Case 3 Cargo Liability - Warehouse A member's warehouse was severly damaged during a storm, when strong winds blew off part of the roof and caused the remainder to collapse. Cargo stored on the member's facility - both...
Case 3 Equipment and Cargo Liability A Member who owns and operates tank containers, is insured in the transport operator category of the Club for both cargo liabilities and equipment loss or damage. Two tank...
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