The Court of Final Appeal of Hong Kong SAR has held on 12 May 2009 in Carewins v Bright Fortune Shipping that the 'presentation rule' applies to 'straight' bills of lading like it does to 'order' bills. This confirms the judgments by Stone J (2006) and the Court of Appeal (2007) (TT Talk Editions 90, 93 and 100). The 'presentation rule' means that, for delivery of the goods, the consignee must surrender the 'straight' bill to the carrier.
Specialist insurance mutual, TT Club has long sought to guide those involved in international supply chains through the complexities of owners' and carriers' liability for goods in transit. Logistics operators and freight forwarders in particular will benefit from TT Club's latest advisory handbook
TT Talk Edition 117 (item 1) of 25 March 2009 reported the deregulation in the UK of retail cargo insurance that can be offered by freight forwarders and storage firms.
ICHCA International recently published Information Paper 38a/2009 as an addition to the paper on Split Rim Wheels which was included in TT Talk Edition 115 (item 2) of 27 January 2009. The new Information Paper is as follows:
Announcing satisfactory financial results for 2008 amidst very challenging market conditions, TT Club reports on actions taken to counter the tough market last year and initiatives to meet the serious business challenges of the future
HAFFA, the Hong Kong Association of Freight Forwarding and Logistics, revised its 1997 Standard Trading Conditions and has produced the 'HAFFA Form of Trading Conditions' (December 2008 Edition).
