Monday, June 30th, 2008... Alternative Risk Management Limited (ARM), the leading independent captive manager in Guernsey, has announced that it has agreed terms with Thomas Miller for the acquisition of the latter's Guernsey company, Thomas Miller Risk Management (Guernsey) Ltd. The acquisition has been approved by the Guernsey Financial Services Commission; from 1st July, the company will be operating under the new name of Alternative Risk Management (Guernsey) Ltd.
Thursday, June 12th, 2008... Four regional finalists representing the future of the freight forwarding industry are preparing to travel to Vancouver on Tuesday September 23rd to attend the FIATA World Congress. The four, from South Africa, Canada, Indonesia and Germany, will each be hoping for selection as the overall Young International Freight Forwarder of the Year and a prize that includes hands-on training experience at one of TT Club's regional centres in London, Hong Kong or New Jersey
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)
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.
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.
