TT Talk Edition 103 - 19/11/2007

In this article we look at a case study highlighting the ancient English Law principles of General Average

The target of 50% of all bills of lading to be electronic within the next decade has been set by the Digital Container Shipping Association (DCSA) in an announcement made last week. The international freight transport insurer, TT Club welcomes the commitment by the group of container shipping lines that together operate nearly 70% of the world's capacity.

Recent case law from the NSW Court of Appeal in Australia acts as a reminder to freight forwarders to consider carefully the question of ‘whether to issue a house bill of lading?’ for a consignment. When doing so, there are clear steps to take to protect the rights of all stakeholders and avoid unforeseen exposures.

A bill of lading may not be lost or unavailable, but still the issuer faced with a request to provide new, revised documents. It’s another warning!