A landmark decision in March 2012 by Sir Andrew Morritt, the Chancellor of the English High Court, in Re La Senza Ltd (in Administration) means that freight forwarders, liner shipping companies and road hauliers finally have a court judgment entitling enforcement of general lien clauses against administrators acting on behalf of insolvent customers, which is welcome news.
US rating agency, A. M. Best has re-affirmed TT Club's financial strength rating as A- (Excellent). The specialist insurer of the international freight and logistics sector has also had its issuer credit rating maintained at 'a -' by the agency. A. M. Best pronounced the outlook for both ratings as 'stable'. This is the seventh successive year that TT has maintained its ratings at these levels.
New publication from TT Club, in association with ICHCA International and the Port Equipment Manufacturers Association (PEMA) draws together years of experience to help port businesses strengthen their asset management and enhance safety through improved maintenance.
Amendment 35-10 entered full force on 1 January 2012. In support of the changes in practice that you should have adopted as a result, TT Club are pleased to be able to offer a discounted training solution to businesses involved in the handling and transport of dangerous goods.
A recent UK court judgment highlights that 'waste can only be exported from the UK for recycling and not for disposal, but not if it is hazardous or could prove harmful to individuals or the environment'. Are you at risk?
Speaking at the freight industry forum, TOC Container Supply Chain Asia in Hong Kong today, TT Club's Director of Global Risk Assessment, Laurence Jones highlighted the key factors that cause disruption throughout the global supply chain and spoke of opportunities for operators to save costs by tightening procedures to minimise accidents, breakdowns, delays and other risks.
