Freight News, Logistics

TT Club warns of the perils of Russia

[ May 11, 2015   //   ]

Freight forwarders, logistics companies and other transport operators doing business in Russia must understand fully their liabilities in delivering freight in the country, warns insurers, the TT Club.
A seminar at the recent conference on transport and logistics, Trans Russia in Moscow – led by TT Club’s general manager, EMEA, Kevin King and Kirill Berezov from the insurer’s long-established Russian network partner Panditrans – was told that increasingly transport operators are expanding into areas beyond the straightforward delivery of inbound containers such as cross-docking, warehousing, re-packaging, sub-assembly and distribution.
This has a profound effect on liabilities for loss and damage to cargo, as well as third party claims, and transport operators must ensure that they do not unwittingly open themselves up to expensive claims against which their existing insurance cover may not protect them.
Panditrans’ Berezov said, “The rules on liability in Russia can be quite different from those in other jurisdictions and without specialised knowledge and advice, many transport operators may experience a short-lived foray into the Russian freight market”.