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Peregrine Storrs-Fox, Risk Management Director at TT Club, discusses the risks faced by licenced customs brokers and mitigation steps to take:

With the effective date of the container weighing regulation, known as Verified Gross Mass (VGM), at hand, the freight insurance specialist TT Club is accentuating the positive and assures the industry that help remains available.  The mutual insurer, which sees VGM as one of the key safety measures for container operations worldwide, has published a pithy, user-friendly summary for all those involved.

Today, the World Shipping Council (WSC), the TT Club, the International Cargo Handling Coordination Association (ICHCA), and the Global Shippers’ Forum (GSF) jointly released a second Frequently Asked Questions (FAQ) document...

Industry sentiment expressed at the ICHCA Seminar entitled ‘SOLAS VGM One Month Out – Are You Ready?’ held in Antwerp last week, was one of frustration.  Less than 15%  of the IMO Member States in which VGM regulations will be mandatory have issued guidelines on the manner in which they intend to enforce the regulation.

TT Club, the leading international transport and logistics insurance provider, today announces its financial results for the year ended 31 December 2015, maintaining its A- (Excellent) rating by agency AM Best for the 10th consecutive year.

With the effective date of 1st July getting ever closer, the need for all involved in the international transport of containers to be prepared for the revised SOLAS Convention regulations on container weighing has recently been once more emphasised by freight transport insurance specialist TT Club.

APMT Buenos Aires wins inaugural safety award, sponsored by specialist insurance provider TT Club, for safety logging systems

At the British International Freight Association (BIFA) Annual Awards Lunch in London last month, the global freight insurance specialist, TT Club presented the European Logistics Award to UK-based, independent freight forwarder The PSL Group.

International freight insurance provider, TT Club has been enthusiastically supporting the Seahorse Club journalist awards for some years.  The Awards are specifically for journalists active in the shipping, freight transport and logistics arena.  At the 2015 Awards Presentation the Club again sponsored what it considers to be a significant award category, ‘The Newcomer of the Year’, which was won by Joe Lo from the magazine Container Management.

The cargo handling industry’s representative body launches a safety award, sponsored by specialist insurance provider TT Club, to highlight innovation in improving safety standards in cargo logistics around the world.

Today, the World Shipping Council (WSC), the TT Club, the International Cargo Handling Coordination Association (ICHCA), and the Global Shippers’ Forum (GSF) jointly released a new Frequently Asked Questions (FAQ) document to address issues arising from the new container weighing regulations due to take effect globally on 1 July 2016. The amendments to the SOLAS (Safety of Life at Sea) Convention require packed shipping containers to have a verified gross mass (VGM) before they can be loaded on a ship for export.

The global freight transport insurer is encouraging supply chain stakeholders to understand better the interrelationship of the various functions in the intermodal network, particularly in the United States where one effect of the enlarged Panama Canal will be to increase importers’ routing options in order to supply internal markets

Leading Insurance provider to the international freight transport industry, TT Club has published a mid-year trading update for the eight-month period 1 January - 31 August 2015.

The 2015 Young International Freight Forwarder of the Year (YIFFY) Award has been presented to Daniella Smal of Zambia at the FIATA Annual Congress in Taipei.

As the political and humanitarian situation in Calais continues to unfold, the specialist freight transport insurer, TT Club provides a perspective on the implications for the freight and haulage industry.

The Young International Freight Forwarder of the Year Award, FIATA's training and development award, is now in its seventeenth year. TT Club, the leading international freight insurer, is delighted to maintain its sponsorship, having been involved since inception.

TT Club welcomes the initiative of the World Shipping Council (WSC) in its recent publication of guidelines to the industry in relation to implementing the SOLAS requirements that become mandatory on 1 July 2016.

Speaking at the TOC Container Supply Chain Conference in Rotterdam last week, freight insurance specialist TT Club’s Kevin King called for all parties to take responsibility for minimising the risks inherent in container freight transportation.

Speaking at the Trans Middle East Conference in Doha, Qatar last month, Julien Horn, TT Club’s Middle East Regional Executive and Director of TTMS (Gulf), the Network Partner based in Dubai, lay particular emphasis on the role human error plays in creating damaging incidents at cargo handling terminals and other facilities. 

International freight insurer TT Club convened a special seminar at the recent conference on transport and logistics, Trans Russia in Moscow.  Lead by TT Club’s General Manager, EMEA, Kevin King and Kirill Berezov from the insurer’s long-established Russian network partner Panditrans, the seminar outlined both the changing nature of the transport operator’s liability in Russia and the idiosyncratic nature of insurance conventions applicable in the region.

Through Transport Mutual Insurance Association Limited and TT Club Mutual Insurance Limited, trading as the TT Club. TT Club Mutual Insurance Limited, registered in the UK (Company number: 02657093) is authorised by the Prudential Regulation Authority and regulated in the UK by the Financial Conduct Authority and Prudential Regulation Authority. In Hong Kong, TT Club Mutual Insurance Limited is authorised and regulated by the Hong Kong Insurance Authority, in Singapore by the Monetary Authority of Singapore and in Australia by the Australian Prudential Regulation Authority. In the United States, TT Club Mutual Insurance Limited is approved as a surplus lines insurer in all states and is accessible through properly licensed surplus lines brokers. The registered offices are: 90 Fenchurch Street, London, EC3M 4ST.

Through Transport Mutual Insurance Association Limited, registered in Bermuda (Company number: 1750) is authorised and regulated in Bermuda by the Bermuda Monetary Authority. 

The UK VAT Identification number for Through Transport Mutual Insurance Association Limited is: GB 564 5244 35 and for TT Club Mutual Insurance Limited is: GB 564 3375 30. The Italian VAT Identification number for TT Club Mutual Ltd is: 03627210101.

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