TT Live

With climate change increasingly impacting port operations and infrastructure every year, costs resulting from unpredictable storm damage are set to rise, putting port authorities and terminal operators at increasing risk.

This is the first episode in a series of six focused on supply chain security, in particular cargo theft and related crimes. In this interview series we will consider a range of risks including fraud, depot security, common theft strategies and the threat posed by the insider. In this first session, Mike is joined by David Thompson, Signum Services (the in-house investigative arm of Thomas Miller)...

An interesting English law reminder of the reach of the ancient principles of general average (GA). In this instance the cause is piracy, but the case involved the interfaces between differing contracts and sharing risk – both by way of insurance and GA.

There are dots to be joined between freight crime and societal challenges, such as those related to narcotics, people trafficking and terrorism. It is time to take concerted action.

Stakeholders in the global freight supply chain can easily become victims of fraud - notably carrier fraud and procurement fraud – especially in today’s digital business environment that enables fraudsters to transact with reduced risk of getting caught.

While not responsible for the arrangement of cross border freight, ports and terminals in both Great Britain (GB) and the European Union (EU) are critical nodes in the international supply chain. Handling the freight at the point of export or import and in some cases becoming the border control post (BCP). The three-phase model to import changes adopted in GB means that while some changes took aff...

While devastating fires on trucks and trailers can start in several ways, some 65% are caused by issues related to the wheel and brake assembly area, according to TT Club's claims analysis data for 2019.

An interesting case from Singapore, in circumstances where no formal contractual relationship had been formed. It acts as a reminder that it is always prudent for all parties to a transaction are certain of the terms that will apply and ensure that formalities are followed.

Change to the way containerised cargo is entered into the supply chain is critical - as well as how it's loaded on board ships. When cargo of any kind is incorrectly declared and packed, it can lead to catastrophic ship fires at sea. Poor packing not only leads to tragic loss of life, but is estimated to cost the industry more than USD6 billion each year.

The importance and impact of careful drafting of contracts is exemplified in this UK Supreme Court decision. While the ruling brings clarity to English law, it represents congruence with other jurisdictions. It is most prudent to be deliberate in documenting law and jurisdiction choices in contracts.

Much of the world has experienced a year like no other and it seems that elements of life remain hung over despite the transition to 2021. As expectations run high that the world can overcome the pandemic, it might be time to consider ‘COVID-keeps’.

Environmental, social, and governance (ESG) factors are increasingly considered by businesses in the context of identifying both risks and opportunities for growth. Inevitably, as the world enters 2021, businesses will be looking back at the experiences through 2020 and reviewing systems and processes. Contingencies and resilience have in the last year proved fundamental to survival. However, the...

A critical stakeholder in the cross border movement of freight is the road haulier. The many items we as a society take for granted simply would not be available without this often-overlooked stakeholder. Virtually every item of freight at some point in the supply chain has been transported by truck. Whether over an international journey or the final mile delivery, the importance of the road haula...

While all supply chain stakeholders will be affected by the now fast approaching end to the Brexit transition period, freight forwarders and logistics providers might need to consider the impact more than most. Attention is required not only for movements in each direction between Great Britain (GB) and the European Union (EU), but also those shipments to, from and through Northern Ireland.

As we approach the end of the Brexit transition period on 31 December 2020, there are a number of changes that will affect the import and export of goods to and from the European Union (EU).  This episode looks to address these changes will impact the operations of stakeholders in the supply chain, whether you are a driver, a haulage company, a freight forwarder, a customs intermediary or a p...

This week, Mike Yarwood, Managing Director Loss Prevention, talks with Geraldine Savin, Senior Claims Executive for the TT Club about the importance of incorporating standard terms and conditions (STCs).  In an industry fraught with potential risks, disputes and claims are perhaps inevitable. The exposure to claims can be minimised, however, by maintaining robust management controls - such as...

This week, Mike Yarwood, Managing Director Loss Prevention, talks with Kate Andrews, Underwriter for the TT Club about contract review. TT are regularly involved in contract reviews for our Members, while in our capacity as insurers, we are unable to provide legal advice to our Members, we are able to identify concerns and certain clauses that we can advise our Members to either challenge with the...

A complex conflicts of laws judgment that provides guidance on a broad range of issues beyond the innate jurisdictional dispute. This is relevant for freight forwarders and shipping agents to consider.

2020 has clearly increased awareness of microbiological risks. This has set the populations of whole nations on unaccustomed regimes. While such viral concerns continue, equal challenges are being recognised in relation to the potential for movement of visible pests through the intermodal supply chain globally.

Already on the front line and proven critical to the world’s economy, performance in the global supply chain will now be catapulted into the public gaze like never before. As initial reports emerged in November of a break-through in the development of a COVID-19 vaccines, focus immediately turned to the supply chain and distribution capable of maintaining integrity and protecting the cargo from th...

This week, Mike Yarwood, Managing Director Loss Prevention, talks with Andrea Gentile, Senior Claims Executive for the TT Club around the topic of due diligence. Effectively a risk management tool, due diligence can help businesses mitigate the risks they face every day. As we continue to see the globalisation of trade, new opportunities are found more often than not in other parts of the world ma...

This week, Mike Yarwood, Managing Director Loss Prevention, talks with Julien Horn, Senior Underwriter, about the risks of conducting business with unfamiliar jurisdictions. Opportunities in emerging markets can seem attractive, especially when the global economy is sluggish, however these opportunities are not without risk and thorough due diligence should be conducted before making any contractu...

Mike Yarwood, Managing Director Loss Prevention is joined by Andrew Watson-Steward, Cargo Underwriter at TT Club, to discuss the differences between liability insurance and cargo insurance. Understanding the differences between liability and cargo insurance is crucial when it come to ensuring there are no gaps in cover and no avoidable losses.

Mike Yarwood, Managing Director Loss Prevention is joined by Manos Karanikolas, Senior Claims Executive, to discuss the risks and challenges surrounding uncollected or abandoned cargo.  Uncollected cargo is a perennial challenge for freight forwarders and NVOCC operators. The issue can result in considerable costs on container demurrage, detention, storage and disposal costs. Aside from the p...

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.