01/02/2011
This item looks at two of the nastiest undersides of modern smuggling, people and drugs, which potentially impact on anyone involved in international transport. For reasons of space, we concentrate on the United Kingdom; we will look at the international position in a future edition.
The Club was recently asked for its opinion on the carriage of single rough hewn blocks of marble in 20' dry units. It also appeared that the true mass of the cargo is generally estimated - frequently inaccurately - at values in excess of 20 tonnes. The loading operation was primitive. Some blocks were loaded directly onto the container floor. At best bearers up to a maximum of 6m long by 200mm square were inserted.
17/12/2010
Bill Brassington of ETS Consulting comments on the World Cargo News report in November 2010 that 'Dry freight box manufacturers bounce back'.
George Radu, based in the Club's San Francisco office, provides this review of hijacking:
Traffic management issues contribute to 87% of the costs of major injuries and fatalities occurring at port and terminal facilities. This is one of the findings from an analysis of such claims costing over US$100,000 insured by the TT Club globally over the last four years.
06/12/2010
Unlike OFAC, which is primarily directed at US persons, CISADA principally focuses on foreign persons
EU Regulation 2271/1996 (known as the Blocking Regulation) counteracts the extraterritorial effect of
Regulation 961 is directly applicable in all Member States of the EU and applies to:
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.
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