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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 profit, just like commercial businesses. Storage, transport, distribution and marketing of stolen goods often shadow those of legitimate supply chains ...
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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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Insurer TT Club has launched a campaign to highlight the danger of toxic gas emissions from lithium-ion battery fires. It says that while the risk of fires involving the batteries on board ships, have been well-documented there is less awareness of the highly toxic combustion products that are released. TT ...
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Multimodal freight insurer TT Club appointed Josh Finch as logistics risk manager and Neil Dalus as EMEA risk assessment manager.
Josh Finch’s 15 years’ experience in the industry includes operations manager at Howard Tenens and at DHL Supply Chain, as both operations and transport manager.
Neil Dalus’ 20 years managing port and ...
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Morten Engelstoft has been elected as the new chairman of liability insurance provider to the international cargo and logistics industry TT Club with the retirement of Ulrich Kranich. Engelstoft spent 36 years at Maersk, from where he retired in June 2023 as chief executive of APM Terminals.
He commented, “TT Club ...
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There has been a dramatic year-on-year increase in freight crime in Chile in 2022, with thefts up 27% up on pre-pandemic levels, according to analysis by TT Club and business improvement consultants BSI Screen.
There has been a 450% increase in the frequency of insurance claims in 2022 and over half ...
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