TT Club Win the Insurance Day Maritime Insurance Award 2016
The Lloyds List Global Awards took place on Wednesday 28th September at the prestigious National Maritime Museum in Greenwich, London. In his opening speech, Richard Meade, managing editor of Lloyd's List said 'The Lloyd's List award series are about bringing our business community together. It's about celebrating our combined achievements, but it's also about recognising the transformation that is happening across our businesses.
TT Club, shortlisted along with 3 other Insurers, secured the Insurance Day Maritime Insurance Award on the back of recent collaborative work on loss prevention, in particular with the critical issue of mandatory container weighing. Peregrine Storrs-Fox, Risk Management Director of TT Club who collected the award on Wednesday night commented, "This high degree of awareness of VGM requirements and the outward signs of compliance are indeed encouraging. However it remains to be seen whether the declared VGMs are accurate, representing the result of an actual weighing process, regardless which of the two permissible methods is adopted".
Peregrine also got individual recognition from BBC presenter Fiona Bruce as the most 'magnificently named winner' in the room! The awards were attended by 450 industry professionals and the Maritime Insurance award was in its inaugural year.
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VGM Period of Grace Ends on 1st October
The three-month settling-in period suggested by the IMO to its Member States in which competent authorities were urged to adopt a 'practical and pragmatic' approach to the enforcement of the SOLAS revision stipulating all packed containers have a verified gross mass (VGM) before being stowed aboard a ship comes to an end on 1st October.
TT Club is proud to be selected as one of the four finalists for the Insurance Day Maritime Insurance Award category in the 2016 Lloyd's List Global Awards.
This first webinar in our ship fire series focuses on specific issues relating to the cargo loaded on board, looking into practices to combat non-declaration and mis-declaration, as well as profiling the risk-based stowage approach.