TT Talk Edition 106 - 18/02/2008

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.

The winner of this year’s award, announced on Friday at the FIATA World Congress in Cape Town, is Mrs Evgeniya Khokhlova, who represents the Russian association (FAR) and is a Specialist in Project Logistics for SVH-Freight.

The concept of ‘force majeure’ can be understood as a useful tool; it is rather more complex in practice.

Cargo theft continues to blight the international supply chain, giving rise to disruption, unpredictability and widespread financial exposures. Whilst there are obvious commercial impacts, the loss of cargo and ensuing insurance claims for example, studies continue to develop a greater understanding of the overall impact of cargo theft, both economic and societal. It is widely believed that organised criminal gangs are often the orchestrators of cargo theft and that the proceeds inevitably support other illicit trades.