Appreciating that where opportunity exists, innovation follows, TT closely monitors developments in a number of sectors. Developments in supply chain security in particular are of high interest, whether it is a new locking device, a tamperproof security seal, smart containers or initiatives to make wholesale fundamental changes to the current security landscape.
The curse of cargo theft continues to impact stakeholders in the supply chain. Analysis of incidents, increased data sharing agreements, collaborations and widespread dissemination of findings, all serve to improve understanding of the underlying risks.
Non-declared or mis-declared cargo entered into the international supply chain, vastly increases the risk to cargo, property, the environment and most importantly the lives of all individuals moving the goods.
This judgment sets out a useful analysis of contracts where a court will examine the conduct of the parties and surrounding circumstances to reach a conclusion. Carriers should be alerted to the importance of knowing who they are dealing with, ensuring that the shipper on a bill of lading is correctly identified.