Readers may recall being invited to take a quick survey in Edition 133 on 21 September 2010 in relation to compliance with the shoreside training requirements mandated in the IMDG Code from 1 January 2010.
Bill Brassington of ETS Consulting comments on the World Cargo News report in November 2010 that 'Dry freight box manufacturers bounce back'.
George Radu, based in the Club's San Francisco office, provides this review of hijacking:
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.
TT Talk - CISADA
06/12/2010
Unlike OFAC, which is primarily directed at US persons, CISADA principally focuses on foreign persons
TT Talk - EU REGULATION 2271/1996
06/12/2010
EU Regulation 2271/1996 (known as the Blocking Regulation) counteracts the extraterritorial effect of
TT Talk - EU REGULATION 961/2010
06/12/2010
Regulation 961 is directly applicable in all Member States of the EU and applies to:
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.
TT Talk - OFAC
06/12/2010
The countries and regimes currently targeted by OFAC are:
The Club must clearly act in accordance with OFAC, CISADA and Regulation 961.
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.