Grasping The Core Industry Issues!

Credits: Chuttersnap/Unsplash

TT has been seeking over decades to deliver on its inherent mission to be at the heart of the global transport and logistics industry, and to make the industry safer, more secure and more sustainable.

Broad Horizon

TT’s dedication to underwriting and providing risk management services throughout the freight supply chain on land, at sea and in the air – including risks relating to cargo, freight forwarding and logistics, port and terminal facilities and operations, and those who own and operate transport equipment – results in an extensive horizon of potential interest and activity. One core element for the industry relates to understanding how to navigate the various national, regional and international laws that govern contractual obligations through the supply chain. Apart from profiling judgments from various jurisdictions that may be of interest, the Club has published its ‘Handbook on the Conventions for the International Carriage of Goods’ (shortly to be updated and refreshed) and prepared advice relating to the Rotterdam Rules – albeit that this remains something of a false dawn.

Inevitably, climate issues have been writ increasingly large for many operators through the supply chain, most particularly for asset owners. TT’s early contribution to good practice can be found in its ‘Windstorm II: practical risk management guidance for marine & inland terminals’, which has been joined by period alerts and reminders, including ‘on the ground’ support measures set up on a regional basis.

Cargo Integrity

Inevitably for an industry that is devoted to moving freight around the globe, much of TT’s time is spent in understanding the issues that prevent consistently successful outcomes, including not just deterioration of the goods but also the risks of injury and damage to other assets or the environment. TT’s analysis claims experience has found that around 66% of incidents relating to cargo damage arise from poor practices in the overall cargo transport unit (CTU) packing process, including not just load distribution and cargo securing, but also the workflow from classification and documentation through to declaration and effective data transfer. This has been estimated to cost the transport and logistics industry in excess of USD 6 billion annually.

The coalition approach at that point proved extremely effective and valuable. As a consequence, other issues related to the safe and secure packing of cargoes in cargo transport units, now including the avoidance of contamination by invasive pests, have been pursued in collaboration. Partnering with others across the industry to form the Cargo Integrity Group, the core aims are to promote awareness and adoption of the CTU Code, and to seek change to regulations or practices. This has already included revisions to deliver improved container inspection procedures and applauding advancing scanning technologies to detect illicit goods or undeclared dangerous cargo.

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Source: TTClub


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