The European Commission estimated that the value of cargo stolen in transit was around EUR8.2 billion per annum. The TT Club has seen an increase in the role fraud is playing in such losses. There is a marked trend in organised crime posing as legitimate operators or using internet cargo clearing sites to facilitate the theft of high value cargo. Perhaps most worrying is that this is global.
Whilst technological advances undoubtedly provide greater operational efficiencies and opportunities for carriers and operators to mitigate their exposure to theft and fraud, unfortunately they equally benefit organised criminal organisations. As invasive cyber-technology becomes more widely available, the TT Club suggests that what has been observed in recent months could be a significant emerging risk to legitimate trade, exposing the operators in the supply chain to economic and commercial damage.
Despite significant political, legislative and judicial developments in the two months since Hassan Rouhani was elected President of Iran, the current EU and US sanctions against Iran remain by far the most onerous sanctions. Where sanctions in general are complex and require close attention, any business engaging in any trade which has any connection with Iran has to pay particular attention to the onerous restrictions and recognise the significant 'teeth' behind the political positioning.
Freedom in international trade in the 21st century remains littered with obstacles and barriers, most of which will be accommodated in the normal course of business. The political and volatile subject of sanctions presents an extremely important hurdle that every company involved in handling and transporting cargo internationally needs to approach with diligence.
Concerns over the availability of good quality boards for container flooring are rising. As a result there is increasing need for rigorous compliance with test procedures. There has been much international focus on the accuracy of gross mass of cargo, as well as correct weight distribution in the draft CTU Packing Code. The capability of container floors is a necessary part of the equation.
ICHCA International, the NGO association for the global cargo handling industry, will be hosting a practical seminar, 'Understanding the new IMO/ILO/UNECE Code of Practice for Packing of Cargo Transport Units (CTUs)', in London on 22 October. Held aboard HQS Wellington on the River Thames, the one-day event will focus on the new Code's terms, their potential impact, and how they will be enforced globally. More broadly, the seminar will address how in practical terms the industry can tackle the endemic problems currently caused by poor packing and securing of cargoes in containers, trailers and other transport units.
The Container Owners Association (COA) has now launched its 'COA Reefer Service Facility Directory', a database of reefer service companies. Shipping lines would be prudent to ensure that suppliers are properly listed and use those who confirm that they are carrying out gas bottle testing.
One aspect of the container weighing debate has concerned the way in which the port and terminal industry will participate. IAPH supported the proposed amendment to SOLAS, while terminals have sometimes seemed less enthusiastic. As the law comes into focus, what are the possible impacts for container terminals?
TT Talk - Verification of container weight: the starting gun has been primed - on your marks!
24/09/2013
On 20 September 2013, the IMO Sub-committee on Dangerous Goods, Solid Cargoes and Containers (DSC) agreed a revision to the SOLAS convention to mandate the verification of gross mass of containers prior to loading on board a ship. The Sub-committee also agreed accompanying guidelines, which cover what have emerged as the difficulties in implementing throughout the industry and the way in which the change can be enforced. This decision marks an important milestone in a debate that has been going on within the industry for many years and at IMO for the last six.
Supply chain management and contracts of carriage are, inevitably, derivations of sale contracts. The interface between the different types of contracts and the parties involved can be critical to keep things moving smoothly and resolve misunderstandings.
TT Talk - Has e-Day arrived?
11/09/2013
The TT Club has confirmed approval of the IATA electronic air waybill and also followed the International Group of P&I Clubs in covering cargo liabilities arising from the carriage of cargo under the two approved electronic trading systems,