International freight transport insurer TT Club's well-respected loss prevention newsletter, TT Talk, is being made available as a podcast. TT Live will be recorded monthly and released at the same time as the written word. In addition, six specially produced interviews on various aspects of contractual challenges in the operation of the container supply chain will be made available over the next six weeks.
Whether for bulk handling or container operations, the quayside crane is critical for performing ship to shore services. This vital tool is also vulnerable to significant damage when impacted by a ship during berthing. While relatively low frequency, such incidents carry high consequence in direct damage, business disruption and potential for injury.
Analysis of TT Club's claims experience continues to highlight the vulnerability of quay cranes, other handling equipment and containers to major weather related incidents at marine terminals. Despite the large mass, it is not uncommon for these cranes to be blown along the crane rails, potentially into other equipment or toppling over, giving rise to extensive damage.
This first instance judgment in relation to a charterparty dispute has the potential to spawn a range of liability exposures that could reverberate through the complex network of supply chain contracts. Most particularly the reasoning may expose ports and terminals in non-liner trades.
The top global insurance for logistics and freight transport, TT Club, has called attention to the need for action to lower losses from perishable goods.
