Leading international freight transport insurer, TT Club is ensuring that its Members utilising the burgeoning Asia-Europe rail corridor for container traffic are adequately protected regarding liability exposures.
TT Club, the leading international transport and logistics insurance provider, today announces its financial results for the year ended 31 December 2016, and AM Best affirms its A- (Excellent) rating for the 11th consecutive year.
IMO Secretary General and European Commission officials were present at the launch of a CTU Code Compliance Campaign in Brussels. During a seminar, communication of best practice in packing and securing cargo and compliance across all modes was urged.
European Shipping Week will take place in Brussels from 27 February to 2 March and there delegates will focus on the correct packing of Cargo Transport Units (CTUs) and the safety issues that result from poor work practices.
At the British International Freight Association (BIFA) Annual Awards Lunch in London on 19th January, the global freight insurance specialist, TT Club presented the European Logistics Award to European freight forwarder Delamode Group.
As part of its on-going campaign to improve standards of the safe packing of unit loads, including shipping containers, specialist freight transport insurer, TT Club has issued specific guidelines on packing and securing coiled materials in containers. In general, investigations into incidents along the international supply chain - whether on roads, rail, inland waterway or at sea - can often be attributed to poor practices in the packing of cargo transport units (CTUs) and coiled materials are a particular hazard.
Efforts to secure accurate container gross mass data continue following the SOLAS revision mandating verified gross mass for every packed unit having taken effect, but international freight transport insurer, TT Club is now calling for a concerted industry campaign to ensure good practice in all aspects of cargo care.
The three-month settling-in period suggested by the IMO to its Member States in which competent authorities were urged to adopt a 'practical and pragmatic' approach to the enforcement of the SOLAS revision stipulating all packed containers have a verified gross mass (VGM) before being stowed aboard a ship comes to an end on 1st October.