Kimberlee Baxter and Markus McMillin from Thomas Miller's San Francisco office and Andrew Morgan from Chelsea Risk Management in San Francisco along with Robert Kempkens from Thomas Miller's London office went down to Panama 3 - 6 May 2016 for a Claims Review with long-time TT Club Member SSA.
SSA and its partners have invested over $800 million in their Manzanillo International Terminal (MIT) near Colon (on the Caribbean Sea side of the Panama Canal). MIT has a handling capacity of 2.4 million TEUs and transhipment operations represent 85% of its containerized activity.
After their morning tour of MIT, which employs cutting-edge crane technology, the group visited the new Gatun Locks on the Panama Canal which are scheduled to open in June. They also watched a container ship transit the old Gatun Locks and learned a load of history, facts and figures about the Panama Canal.
International freight transport and logistics insurer TT Club wants cargo owners to be more aware of safety issues arising from poorly packed containers and misdeclared goods.
The importance and impact of careful drafting of contracts is exemplified in this UK Supreme Court decision. While the ruling brings clarity to English law, it represents congruence with other jurisdictions. It is most prudent to be deliberate in documenting law and jurisdiction choices in contracts.
