Incorporation of Incoterms into a sale contract will not bind any third party, or govern any other contract. It remains for the seller or buyer to ensure that the agreed Incoterm correctly reflects the reality for finance, carriage and insurance. Start with the end in mind!
The versatility of the tank container for both transport and storage can give it preference over traditional parcel tankers and drums, influencing how supply chains develop, providing additional efficiencies and flexibility.
It has been a torrid year for cargo-related containership fires, with reported incidents averaging every 30 days and bucking the twenty plus year frequency of roughly every 60 days.
TT Club - amongst other industry stakeholders - has long championed CTU inspections as a key weapon in the armoury to enhance safety and combat poor packing practices.
The containerised supply chain is well-known for its complexity. TT Club is seeking to 'call out' any practice that may undermine safety and preclude certain of outcome within its 'Cargo Integrity' / #Fit4Freight campaign. Key targets inevitably relate to shipment, handling and carriage of dangerous goods.
A number of container lines have recently announced measures to discourage shippers from mis-declaring hazardous cargoes, which is a practice strongly suspected as being either the cause of, or at least contributory to, the spate of container ship fires in recent months.
TT Club and BSI Supply Chain Services & Solutions have teamed up again to produce a full year analysis of cargo theft, together with some further loss prevention commentary to assist those considering how to combat this on-going threat.
