TT Talk Edition 65 - 22/04/2005
TT Talk 65 (104 KB)
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This Circular is to raise awareness of an expansion in United States sanctions, targeting the construction of the Nord Stream 2 and Turkstream 2 pipeline projects and those who provide services in connection with either project, including related insurance.
TT Talk - Legal eagle: the power of choice
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.
Recent changes to regulations in Russian law now make it possible for forwarders and road hauliers to access full liability cover, similar to that enjoyed by those in the global supply chain. However, most insurance products on the market don't offer comprehensive protection. Executives from Panditrans, TT Club's Network Partner in Russia, have outlined the improved regulatory situation but emphasised the inferiority of the cover available in the market. Valuable risk management advice on temperature controlled and tank container cargoes was also presented at the recent TransRussia trade show in Moscow.