The TT Club is positioned astride the transport and logistics industry, providing liability and asset insurance for liner ship operators, ports and terminals, forwarding and logistics businesses, and equipment lessors. As such, it is inevitable that we are intricately involved in the issues facing the whole industry globally concerning the safety of reefer containers.
As a leading liability insurer for the international logistics industry, the TT Club is aware of a significant percentage of cargo movements that go wrong. And it is clear that a major cause of things going wrong is a misunderstanding of or non-compliance with basic principles at the very outset of the supply chain.
A downside of containerisation is that normally nobody sees the contents of the container from the time it is sealed until its ultimate destination. As a result the,correct packing, stowage and securing of the cargo inside the container is vital to maintaining the integrity of the cargo during its journey and avoiding damage and possible injury on the way.
Claims investigations following a recent cargo theft claim reveal the risk exposure in utilising subcontractors without carrying out effective due diligence.
Can any marine terminal afford not to invest in electronic anti-collision sensors for their quay cranes? TT Club members can receive a 7% discount on the cost of sensors.
The massive Federal financial services industry regulatory reform legislation passed by Congress and signed by President Obama in July 2010 includes legislation which directly and positively impacts the placing of business with nonadmitted insurers such as TT Club.
