Cargo fraud and theft impacts everyone in the international supply chain. A buyer of cargo needs the same assurances as the provider of logistics services, who relies on others for contract fulfilment. These risks consistently are amongst the top five incidents seen by the TT Club that collectively account for about 2/3 of claims through the supply chain.
The international freight transport insurer TT Club has turned its attention to the safety risks at cargo storage facilities
TT Talk - Clandestine migration in freight
04/04/2023
Read about the risks associated with clandestine migration around the world and the impact on the freight supply chain.
This first webinar in our ship fire series focuses on specific issues relating to the cargo loaded on board, looking into practices to combat non-declaration and mis-declaration, as well as profiling the risk-based stowage approach.
TT Club Advises Transport Operators on their Liabilities as a Consequence of the Coronavirus
10/02/2020
Insurance provider, TT Club, is advising on the potential unforeseen exposures that may accrue in the face of the coronavirus outbreak - on top of the challenges already being experienced moving freight to and from China.
International freight transport insurer TT Club's well-respected loss prevention newsletter, TT Talk, is being made available as a podcast. TT Live will be recorded monthly and released at the same time as the written word. In addition, six specially produced interviews on various aspects of contractual challenges in the operation of the container supply chain will be made available over the next six weeks.
Claims investigations following a recent cargo theft claim reveal the risk exposure in utilising subcontractors without carrying out effective due diligence.
An alert concerning undeclared dangerous goods for carriage by air from the Hong Kong authority reminds all forwarders and carriers to be vigilant. Take steps to manage the risk or face the penalty!
Learn more about the risks of abandoned cargo as we reflect on the Beirut explosion of August 2021.
Customs claims brought against freight forwarders have always been part of the tapestry of issues handled and covered by the TT Club. However, by way of alert, there has been a noticeable increase in claims involving the evasion of Anti-Dumping Duty ('ADD'). Most seem to result from investigations made by the European Anti-Fraud Office (known as 'OLAF', from its French name Office de Lutte Anti-Fraude).
Are electronic bills of lading ready to alleviate inefficiencies in the transport industry? Read more about the perceived benefits and obstacles here