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Inflation is driving freight crime, says TT Club and BSI Screen Intelligence in their Annual Cargo Theft Report for 2023, published on 11 April.
The rise in food and beverages as a stolen commodity, from 16% to 24% of the total is one such indicator, they say.
The trends include an increase in olive oil thefts in Southern European countries following record poor harvests and a consequent rapid rise in the commodity’s ...
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TT Club is once again sponsoring the Transported Asset Protection Association (TAPA)’s Europe, Middle East and Africa Region Young Supply Chain Resilience Professional of the Year Award in 2024.
To enter, applicants must produce a 1,500-word submission on an innovative cargo security or supply chain resilience initiative they have developed or ...
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TT Club global risk assessment director Laurence Jones is to retire after 50 years, the last 18 of them with the cargo handling insurance specialist. Based in Sydney, he has consistently championed safety in the port and terminal industry to assist the TT membership, and the industry at large. Prior ...
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International freight transport and cargo handling insurance specialist TT Club is warning of them danger of falling from height, an often unavoidable danger in the transport, port and logistics industries.
Continuing with its series of TT Briefs aimed at simplifying complex risk issues by providing easily digestible information and guidance, TT ...
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The criminal supply chain uses the same components as the legitimate one, from route planning to warehousing, with stolen goods marketed and sold using legitimate platforms to unsuspecting buyers, says freight insurance provider TT Club.
It says that much freight crime is perpetrated by organised crooks who aim to make a ...
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Freight insurance specialist TT Club is urging procurement managers to be more vigilant in ensuring that they are not unwitting receivers of stolen property. It says they should check the provenance of all incoming goods and ensure that documentation such as bills of sale, invoices and shipping records are present.
They ...
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Shippers need to be aware of the environmental risks of transporting plastic pellets or ‘nurdles’, says freight insurer, TT Club.
The tiny plastic nurdles measuring a few millimetres in diameter used to manufacturer most plastic products pose a threat to the marine environment if they are spilled into the sea or ...
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The Incoterms that define responsibilities in the global supply chain have a crucial bearing on who bears the risks relating to the cargo in transit, especially when it comes to packing and securing, says a leading insurer.
Intermodal specialist TT Club says that 65% of cargo damage claims can be attributed ...
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Equipment sharing agreements between different freight companies can make for efficient use of resources but could lead to liability issues if appropriate cover is not in place, warns insurer TT Club. In a new paper, ‘Risk Byte: Good neighbour agreements, the first in a series of advice documents says that ...
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Insurers the TT Club has appointed Kamel Tlili as regional general manager for Asia-Pacific, based at its Singapore office. He spent the last six years leading British Marine’s P&I Underwriting Division in Asia at QBE and previously spent 14 years at TT’s sister mutual, UK P&I both as an Underwriting ...
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