Incorporation of Incoterms into a sale contract will not bind any third party, or govern any other contract. It remains for the seller or buyer to ensure that the agreed Incoterm correctly reflects the reality for finance, carriage and insurance. Start with the end in mind!
1 January 2020 will witness the introduction of Incoterms® 2020. Revised every ten years, in common with previous editions, this latest revision has been assessed against current business practices, taking into account new technologies and challenges faced through the intervening period.
Increasingly sophisticated handling equipment is being installed in various parts of the world, often enabling automated operations. Ensure that your investment adequately reacts to real life scenarios.
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.
It is perhaps surprisingly common for things to go wrong in the processes around berthing ships, particularly in terms of manoeuvring in the port area and mooring. Aimed at the ship/port interface, read on to understand TT Club's experience and ways to mitigate the risks.
Corrosion is a perennial concern for tank container owners and operators. The stainless steel construction is resistant to staining and corrosion, but may be vulnerable to pitting from certain cargoes or certain cleaning and maintenance operations. Visually minor pitting may conceal development of substantial or even catastrophic corrosion below the surface.
The versatility of the tank container for both transport and storage can give it preference over traditional parcel tankers and drums, influencing how supply chains develop, providing additional efficiencies and flexibility.
The containerised supply chain is well-known for its complexity. TT Club is seeking to 'call out' any practice that may undermine safety and preclude certain of outcome within its 'Cargo Integrity' / #Fit4Freight campaign. Key targets inevitably relate to shipment, handling and carriage of dangerous goods.
TT Club continually seeks to understand the risks faced in the transport and logistics industry, providing relevant and targeted loss prevention advice to operators as appropriate. This article focuses on the findings of recent analysis into the risks faced by container terminals.