CTU code - poorly secured cargo
25/03/2019
The problem of uncollected cargo is a perennial problem for NVOCC operators, often resulting in considerable bills on warehousing, container demurrage, and disposal costs. Apart from anything else, there is a significant drain on management resource to bring resolution.
Cargo fraud and theft impacts everyone in the international supply chain. A buyer of cargo needs the same assurances as the provider of logistics services, who relies on others for contract fulfilment. These risks consistently are amongst the top five incidents seen by the TT Club that collectively account for about 2/3 of claims through the supply chain.
The financial benefits of crime continue to spawn sophisticated methods to defraud society and stay one step ahead of detection. Media and documentaries highlighting fake medication and pesticides, or the lengths taken to copy branded goods evidence how difficult it is to ensure that the right products are being utilised.
It is important for carriers, forwarders and other intermediaries to understand the implications of the European Commission's recent review of its Directive on the Enforcement of Intellectual Property Right when it comes to border procedures.
Each year, the Federal Maritime Commission in the US receives a substantial number of complaints from individuals who have experienced various problems with their international household goods shipment.
Leading insurance provider to the transport and logistics industry, TT Club has issued its updated guide to risk management; the International Maritime Dangerous Goods Code's (IMDG Code - amendment 34) classification of dangerous goods.
Risk management handbook
01/05/2009
This handbook seeks to bring greater clarity to the complex world of international carriage conventions.