TT Club Pinpoints Operating Risks for Dubai Forwarders

MaritimeProfessional.com
Tuesday, October 22, 2013
David Phillips (middle), Chairman of the NAFL and CEO of Freight Systems LLC presents Julien Horn (left) and Andrew Kemp (right) from TT Club with an award in recognition of their expertise.

 


  In early October the UAE’s National Association of Forwarding and Logistics (NAFL) hosted a workshop for its members as part of its AGM proceedings. The group invited freight transport insurance specialist TT Club to present an overview of the risk profile that freight forwarders and logistics operators in the region are experiencing and the insurance cover available to mitigate such risk.

Held at Dubai’s Chamber of Commerce and attended by some 140 representatives of the UAE’s freight transport community, the comprehensive workshop was run by TT executives Andrew Kemp, Regional Director Europe, Middle East & Africa; Julien Horn, Senior Underwriter with special responsibility for the Middle East and Brian Reckerman, Senior Claims Handler of TTMS Gulf based in Dubai.

The Club, which celebrated its 45th anniversary this year, insures over 900 transport operators throughout the world. Drawing on this wealth of experience, the three presenters outlined how the demands on freight forwarders from their customers are changing rapidly from the traditional organization of international movement of goods. Increasingly forwarders are providing involved logistics services such as warehousing and distribution, procurement of additional product for sub-assembly and packaging and even software uploading; opening them up to the extended liability that exists as a consequence. In addition, forwarders are increasingly accepting contractual responsible for the full value of goods throughout lengthy and involved supply chains.

TT warned that these demands often put an onerous risk on the forwarder, who is under considerable competitive pressure to accept such liability as a carrier.

Such risk can be further compounded when employing subcontractors, as obtaining their acceptance of the same risk is difficult. Indeed the workshop also underlined the difficulty forwarders in the Middle East have in sourcing reliable trucking companies that are fully insured for liability risk. TT Club applauded the initiative put in place by the NAFL to improve this situation by establishing insurance compliance standards for designated ‘safe operators.’ Until compliance is fully adopted by the region’s haulage industry adequate insurance cover for many transport operators will remain a problem.

David Phillips, Chairman of the NAFL and CEO of Freight Systems LLC thanked the TT Club representatives for the informative workshop and presented them with an award in recognition of their expertise.
 

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Hapag-Lloyd Adds 6,000 Reefer Containers

In order to profit from the growing reefer markets in South America and Asia, Hapag-Lloyd has ordered 6,000 cutting-edge reefer containers – more than ever before in the company’s history.

Imtech Germany to Be Sold in November

The German unit of bankrupt Dutch engineering services company Imtech is expected to be sold in November, according to Imtech Germany's insolvency administrator.

Neander Deal Sees Yanmar Return to Diesel Outboards

Marking its return to the diesel outboard market, engineering company Yanmar Marine International (YMI) has reached an agreement for exclusive distribution rights

News

Arctic Cruise Ship Brings High-tech, Green Design

A new vessel has been designed as a luxury expedition cruise vessel for worldwide operation including Arctic and Antarctic regions for itineraries up to 21 days with 300 passengers aboard.

Hapag-Lloyd Adds 6,000 Reefer Containers

In order to profit from the growing reefer markets in South America and Asia, Hapag-Lloyd has ordered 6,000 cutting-edge reefer containers – more than ever before in the company’s history.

AET Names DP Shuttle for Statoil Charter

Petroleum tanker owner and operator AET today named its newest vessel, a 120,000 DWT DP2 shuttle tanker, Eagle Bergen.    Eagle Bergen is the second of two vessels

P&I Clubs

Enclosed Space Casualties Continue in Shipping Industry

Accidents relating to entry into enclosed spaces have resulted in a large number of deaths of both ship and shore personnel so far this year. David Nichol, UK P&I Club risk assessor,

Iranian Ship, Crew Escape Captivity off Somali Coast

An Iranian fishing vessel and its crew have escaped after being held captive for five months by Somali fishermen, maritime piracy experts said on Friday, but it

Logistics

Port Pipavav Berths its Largest Box Ship

APM Terminals Pipavav (Gujarat Pipavav Port Ltd.), a gateway port in western India, has berthed the largest container vessel in the Port Pipavav’s history, the terminal announced today.

Timing in Doubt on Hapag-Lloyd IPO

German container shipping group Hapag-Lloyd has taken further steps in preparation of a stock market listing and has mandated more banks for the move, but it remains

Asia Tankers-VLCC Rates Will See More Volatility

VLCC market to be "hot" in Q4 -VLCC broker. Freight rates for very large crude carriers (VLCCs) face a roller-coaster ride on uncertain cargo volumes and vessel

Middle East

ISS Appoints Holmes as VP, Cruise Solutions

Inchcape Shipping Services (ISS) said it is embarking on a plan to develop its cruise business with the appointment of Grant Holmes as Vice President, Cruise Solutions.

Greece Wants EU Funding to Tackle Migrant Influx

Greece will ask the European Union for about 700 million euros to build infrastructure to shelter the hundreds of refugees and migrants arriving on its shores daily, the government said on Thursday.

Oil Exports Could Push US Gasoline Prices Lower

The price of U.S. gasoline could fall if Washington were to allow crude oil exports, an independent government report on Tuesday concluded, adding political firepower

 
 
Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pipelines Salvage Ship Electronics Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2009 sec (5 req/sec)