The freight insurer's investment is seen as a significant initiative in developing a unified platform to help hauliers and drivers control the risks of theft and damage effecting the most vulnerable transport mode in the supply chain.
With an insurable interest in excess of 50% of the world's tank container fleet, freight transport insurer TT Club has an intimate understanding of the sector. Its latest StopLoss guidance for tank container operators in managing risk in this element of the global supply chain contains valuable advice.
This judgment sets out a useful analysis of contracts where a court will examine the conduct of the parties and surrounding circumstances to reach a conclusion. Carriers should be alerted to the importance of knowing who they are dealing with, ensuring that the shipper on a bill of lading is correctly identified.
Non-declared or mis-declared cargo entered into the international supply chain, vastly increases the risk to cargo, property, the environment and most importantly the lives of all individuals moving the goods.
Apart from the recent devastating explosion in Beirut, there has been a spate of ro-ro/car carrier fires in recent months, leading to fresh calls for improvements, scrutiny and control in relation to dangerous goods (DG). Container ship fires are always in mind.
Whether for inspections, operational support, transport or final mile delivery, drones and autonomous vehicles have been under development for many years. The capability of the underpinning technology exists, it is typically the confidence in acceptance of this technology by practitioners, regulators and the general public that has slowed progress.
