TT Club, the leading transport insurance provider, has revealed the latest estimate of its claims exposure from hurricanes Katrina, Rita and Wilma and announced its underwriting stance for next year's policy renewals.
US President Harry S Truman famously had a sign on his desk that proclaimed "The Buck stops here". Iain Sharples of the Club's Sydney office reports that the Australian government is following that example and introducing legislation to make sure that responsibility for container overloading ends with the company that did it.
TT Talk Edition 73 - 16/11/2005
16/11/2005
1. Young forwarder of the year award
The annual Asia Logistics Awards took place in Shanghai last week, with the leading transport insurance provider TT Club once again playing a central role.
TT Talk Edition 72 - 31/10/2005
31/10/2005
1. US court holds shipper liable for containership fire
TT Talk - New Hazmat rules in the US
31/10/2005
We are indebted to the Hazardous Technical Information Services (HTIS) bulletin issued by the Department of Defense in Washington DC for the news that convicted spies, traitors and murderers are no longer allowed to drive vehicles carrying hazardous materials in the USA. While it is unlikely that many people in these categories will be enjoying much freedom at all in the foreseeable future, let alone the freedom to drive vehicles, there is a serious point behind the new rules.
TT Talk Edition 71 - 19/10/2005
18/10/2005
1. Club issues windstorm stoploss bulletin
TT Talk - Liability when staff steal
18/10/2005
Peter Jones reports a recent South African case on his Forwarderlaw website, where the issue was whether a company could rely on its trading conditions to limit or exclude liability for consignments stolen by its staff.
TT Talk - Steal early for Christmas
18/10/2005
With only nine weeks left before Christmas stores in high streets and shopping malls are now well into the process of stocking up for the expected sales rush. Warehouses are beginning to fill up and greater amounts of consumer goods are on the move. While consumers are urged to start their shopping early to avoid the last-minute rush, so criminal gangs are also getting ready for their seasonal attacks on goods in transit.
We are grateful to Peter Quinter of the law firm of Becker & Poliakoff for drawing our attention to the decision of the US court of international trade in the case of United States v Pan Pacific Textile Group Inc.
Ms Alicia Chin from Canada has been judged the 2005 winner of the Young International Freight Forwarder of the Year at this year's FIATA World Congress in Moscow. The prize, sponsored by TT Club together with FIATA and IATA, is worth in excess of US$35,000 to the winner.