Transport & logistics operators insurance
23/03/2020
Transport & Logistics insurance, is tailor-made insurance cover for airfreight companies, freight forwarders, road hauliers, tank and container operators and NVOCs.
As of Wednesday 18 March all our UK and Mainland European offices, Hong Kong and Shanghai, and US-based offices will be working remotely. We will still be providing the same high levels of service our members have come to expect from the TT Club.
Thomas Miller triggered its Crisis Management Team (CMT) in response the Coronavirus outbreak in China on 23 January. Since then the virus has spread to all continents and the situation monitored and managed through daily calls of the CMT. The health and security of our employees and clients is of vital importance to Thomas Miller. We are doing everything we can to ensure we minimise the potential impact on our employees and business operations worldwide, in accordance with Government advice and guidance.
Cargo theft continues to blight the international supply chain, giving rise to disruption, unpredictability and widespread financial exposures. Whilst there are obvious commercial impacts, the loss of cargo and ensuing insurance claims for example, studies continue to develop a greater understanding of the overall impact of cargo theft, both economic and societal. It is widely believed that organised criminal gangs are often the orchestrators of cargo theft and that the proceeds inevitably support other illicit trades.
This case highlights the importance of careful drafting in order to communicate terms and conditions to customers and suppliers and to ensure that they are sufficiently wide to cover extra-contractual services where necessary and appropriate.
The logistics world is fraught with potential risks, and claims are perhaps inevitable. The exposure to such claims can be minimised, however, by maintaining a robust risk mitigation policy. Risk mitigation extends not only to the physical steps taken to improve operational safety and security, but also to ensuring, from the outset, that adequate contractual protections are in place.
Cookies & privacy policy
24/02/2020
TT Club advice on cookies and our Privacy Policy.
Terms of use
24/02/2020
Terms of use for TT Club.
Regulation
24/02/2020
In support of our commitment to maintaining the highest possible standards of business practice we hold a 'zero-tolerance' stance towards bribery.
The second annual report on cargo theft worldwide, issued today by leading international transport and logistics insurer, TT Club and global provider of supply chain intelligence, BSI confirms the overwhelming targeting of cargo trucks compared to all other modalities.
The consequences of clandestine migration are more than geo-political. In the freight supply chain the impacts include the activities of governmental border enforcement agencies, as well as the risks of contamination and damage to goods. Care is required for all the risks involved.