TT Club, the leading mutual insurance provider for the transport industry, has expressed renewed concern over continuing breaches of the International Maritime Organization's IMDG Code covering the carriage of dangerous goods. In an effort to improve the compliance ratio the Club has released the latest in its series of Stop Loss bulletins, focusing on the transport of packaged dangerous goods.
June 23, 2005 - The growth in end-to-end logistics services and the greater complexity of long-distance supply chains are increasing risks for logistics operators, often in areas that are imperfectly understood. This warning to logistics service providers was delivered by the leading transport mutual TT Club in a presentation at a recent (June 15) conference in Antwerp.
A recent decision of the English commercial court in Datec Electronic Holdings Ltd v United Parcels Services Ltd raises some important issues for freight forwarders and carriers dealing with high-value consignments.
In the April edition of its bulletin Cargo World, ICHCA International reports on an incident where a trainee dockworker was killed when he was crushed and fell from a container crane.
Although the introduction of the ISPS Code was driven primarily by the need to counter the threat of terrorist attacks on ports and shipping, it and its regulatory cousins CSI (Container Security Initiative) and C-TPAT (Customs-Trade Partnership Against Terrorism) are having a positive impact on levels of more traditional cargo crime.
The Club has been running a related initiative raising awareness of carriage of dangerous goods in containers. It has recently published a new Stop Loss information sheet entitled 'Guidance on the Transport of Packaged Dangerous Goods by Sea'.
TT Club's improving financial position has been acknowledged by industry ratings agency AM Best, which has revised its outlook on the mutual insurer's rating from 'stable' to 'positive'.
