Know the risks around cargo storage.

In a world engaged in moving cargoes from one place to another, it is easy to spend time focused on what is being moved and the risks involved in transit. Inevitably, there will be multiple places where the goods will ‘rest’, either as an interface between different modes of transport or for other trade needs.

This page looks at the risks of storing cargo from dangerous goods to theft, to weather risks, to abandonment of cargo. We will be releasing a new series of TT brief documents that will look at warehouse safety, security, flooding risk and fire risk. 

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NEW TT Brief: warehousing series

Man walks through a chemical storage warehouse with mask and PPE

Warehousing White Paper and Checklist

Safety Guidance for Dangerous Goods Storage and Handling Facilities produced by ICHCA International, IVODGA, National Cargo Bureau and World Shipping Council.

Further resources

A short summary looking at the benefits of using due diligence to vet your subcontractors and mitigate the risk of losses

A short, two-page summary on the prevention of cargo damage

Due diligence is key for transport and logistics operators

Despite being designated as essential services in many countries, in accordance with local government and World Health Organization (WHO) guidance, many businesses within the global logistics sector have had to change their work practices. In some cases, this includes leaving premises unoccupied for an extended, indefinite period. 

While operators do not plan to have incidents, the prudent will seek to apply sound pre-emptive advice to bolster the defence of any potential future claims.

Causes of warehouse fires are many and varied. A startling statistic is that up to half of all warehouse fires are started deliberately. Of course, it is not just the warehouses themselves that are destroyed; it is also necessary to consider potential injuries or death and the contents (both stored cargo and handling equipment).

A Singapore based transport operator undertook to provide logistics services for a large German manufacturer. The agreement incorporated the German manufacturer's model contract, expressly excluded application of the operator's trading conditions and was subject to German law and jurisdiction.