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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

MHIA Relocates to Houston

Today Mitsubishi Heavy Industries America, Inc. (MHIA), a Group company overseeing the business of Mitsubishi Heavy Industries, Ltd. (MHI) in North America, commenced

Pan Ocean on Recovery Path

S. Korea’s Pan Ocean Co.  is expected to see its earnings improve amid rising Baltic Dry Index (BDI) that affects spot contracts accounting for more than half

Offshore Casualty: Harkand Group Collapses

As the prolonged slump in energy prices continues to drag on a number of oil and gas and maritime players, word has it that Harkand Group has succumbed, according to staff reports and a report on www.

News

Navy to Christen Littoral Combat Ship Manchester

The Navy will christen its newest Independence-variant littoral combat ship, USS Manchester (LCS 14), during a 10 a.m. CST ceremony Saturday, May 7 in Mobile, Alabama.

BSEE, USCG on Sharing Information, Jt Ops

Bureau of Safety and Environmental Enforcement (BSEE) Director Brian Salerno and U.S. Coast Guard Rear Admiral Paul Thomas participated in a luncheon panel discussion

Gazprom Wins Green Development – Evolution Awards

Gazprom was announced the winner of the All-Russian Green Development – Evolution Awards 2016 in the Best Green Tech Solution category. The award was presented

Logistics

MHIA Relocates to Houston

Today Mitsubishi Heavy Industries America, Inc. (MHIA), a Group company overseeing the business of Mitsubishi Heavy Industries, Ltd. (MHI) in North America, commenced

MOL Launches Coastal LNG Transport in Indonesia

Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) today teamed up with a local partner in Indonesia, PT Pelindo Energi Logistik (PEL; President

Recent Strength in Dry Bulk Shipping to be Short-Lived

Drewry forecasts dry bulk freight rates in 2016 will be, on average, lower than in 2015, as the medium-to-long term fundamentals for dry bulk shipping will remain challenging,

Middle East

Arabian Shipping at Risk of Al Qaeda Attack

Al Qaeda's Yemen branch remains a powerful force and poses a growing risk to merchant ships in vital waterways nearby despite efforts by Yemeni government forces

Tanker Departs Libya Empty amid Political Crisis

A tanker that an oil company set up by Libya's eastern government prevented from loading has left the eastern port of Marsa el-Hariga, a port official said on Wednesday.

Libya Eastern Oil Company Blocks Tanker Loading Crude for Tripoli Rival

An oil company set up by Libya's eastern government is preventing a tanker from loading a cargo for its Tripoli rival, the National Oil Corporation (NOC), officials said on Tuesday.

 
 
Maritime Careers / Shipboard Positions Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.1262 sec (8 req/sec)