Traffic management issues contribute to 87% of the costs of major injuries and fatalities occurring at port and terminal facilities. This is one of the findings from an analysis of such claims costing over US$100,000 insured by the TT Club globally over the last four years.
In recent months the international trading world, including the Club and its Members, has been faced with an intensified sanction regime. The position under the major legislative changes is summarised in this issue and impact all those in the transport and logistics industry involved in international trade, as well as insurers.
Most contracts entered into by transport and logistics operators are formed by a series of exchanges with their customers through emails, phone calls and so on. But the most effective risk management tool for companies is to make these subject to their standard terms and conditions. This does not happen automatically.
Following a decision made in 2008 by the Maritime Safety Committee (MSC) of the International Maritime Organisation (IMO), the old 'Code of Safe Practice for Solid Bulk Cargoes' (BC Code) was renamed the International Maritime Solid Bulk Cargo Code and its first edition is due to become mandatory from 1 January 2011.
On 21 October 2010 the Chairman of the European Parliament Transport & Tourism Committee (Brian Simpson MEP) led a debate in which he claimed that a 'staggering 10,000 containers were lost each year', the majority of which fell overboard, and that shipping lines and insurers where happy to accept this figure and do nothing about it. This assertion was in part prompted by the MARIN
We return to the topic of batteries, that was addressed from two different angles in TT Talk Editions 124, 24 Dec 2009 (nickel metal-hydride batteries) and 128, 12 Mar 2010 (recycled batteries).
