TT Talk Edition 42 - 02/03/2004
TT Talk Edition 42 (90 KB)
Source TT Club
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TT Club’s signposts to a digital future
Leading freight transport and logistics insurer TT Club is reflecting the evolving digital landscape in its new logo and revamped website. Increased accessibility to data, information and streamlined processes are the key aims of the insurance specialist's investments in digitisation.
Effective communications are the lifeblood of every relationship, whether personal or corporate. In the global supply chain, this inevitably extends to every counterparty, including those with differing interests, cultures, languages and time zones. COVID-19 has made life exponentially more complex.
This case highlights the importance of careful drafting in order to communicate terms and conditions to customers and suppliers and to ensure that they are sufficiently wide to cover extra-contractual services where necessary and appropriate.
Uncollected cargo has long been a challenge for stakeholders in the supply chain. Notwithstanding the attention, debate and advice around the topic, it remains at the forefront of logistics operators' minds. Every year the delay or failure of the consignee to collect cargo results in substantial storage, demurrage and detention costs. Such issues are invariably complex and require expensive management time to resolve.