TT Talk Edition 89 - 15/09/2006

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 smuggling of people has unfortunately become a major issue in certain parts of the world. Political imperatives in target countries have led stricter immigration restrictions and increased government action. International clandestine migration has become a persistent threat to the unitised supply chain.

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.

UN portable tanks (tank containers) have been used in the international supply chain to distribute bulk cargoes for many years. Having such a deep heritage in the insurance of the maritime containers, naturally TT Club has intimate understanding of the tank container sector, with a current insurable interest in around 53% of the global tank container fleet.