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The US insurance rating organisation has once more underlined the mutual insurer TT Club's financial strength and issuer credit by maintaining both these ratings at A- (Excellent)
08/06/2008
1. The TT Club: Forty Years Young
07/06/2008
In order to meet a demand from Members, the TT Club has developed a Sea waybill. This TT Club Sea waybill Series 500 follows the structure of the TT Club Bill of lading Series 100 as far as possible.
In TT Talk Edition 102 of 16 October 2007 we reported that IATA Resolution 600b, which provides the basis for the IATA recommended 'Conditions of contract' on the back of the IATA air waybill, would become effective on 17 March 2008.
Amongst a container's weakest parts are its doors. The exposure to rain, condensation and a salty atmosphere causes the container door hinges to corrode. Such rust is not always visible, because repainting of the door hinge welds can conceal metal fatigue corrosion. Containers also sustain damage during carriage or handling when they collide with other containers or objects. Eventually, when workers open a defective container door, it comes off its hinges and can fall on anybody who is standing nearby.
29/05/2008
1. Air waybill conditions of contract - 'Note' the difference
The TT Club has called for a cleaner working environment for quay crane drivers at ports, and in particular wants new measures to protect them from ship stack emissions.
The UK's Marine Accident Investigation Branch (MAIB) report into the MSC Napoli incident has shown that mis-declaration of the weight and contents of containers was a contributory factor to the accident.
30/04/2008
1. MSC Napoli - what's below the surface?
29/04/2008
Port Skills and Safety Ltd ( PSSL ), an industry organisation promoting health safety, skills and standards, commented in Information Paper 012/2008 on a Kalmar Reach Stacker incident (failure of boom extension ram anchor bolts).
29/04/2008
Laurence Jones, Director Global Risk Assessment at the TT Club, reports on ship stack emissions.
An improving claims picture, high retention on renewals and a good investment return characterise a satisfactory overall performance in 2007.