‘Beware the Big Ship Hype’ -TT Club
TT Club’s Phillip Emmanuel has put into perspective some of the “sensationalism” surrounding the recent growth trend in containerships. Speaking during a plenary session of the TOC Asia Conference in Singapore on Tuesday, he advised ports and terminals to take a measured approach to the risk management of their operations, looking carefully at the ramifications to their own facilities of potential larger ship calls. TT Club is positioned as an insurer of risks for container lines and cargo handling facilities to advise on the type and extent of exposure.
Contamination: Primary Cause of Tank Container Claims
Speaking at the Asia Tank Container Organization’s General Meeting in Shanghai yesterday, TT Club’s Regional Director, Asia-Pacific Phillip Emmanuel outlined the major risk exposures facing the tank container industry. Based on an extensive analysis of the club’s claims experience resulting from incidents involving tank containers, Emmanuel pinpointed contamination as the leading danger, accounting for over 46% of the volume of incidents on TT’s books in the last nine years. Revealing the more detailed dangers to the Conference delegates Emmanuel explained…
TT Club Signs Partnership in The Philippines
Specialist transport insurance provider, TT Club has appointed a network partner in The Philippines. Del Rosario Pandiphil Inc. becomes the seventh such partner that the international logistics and freight handling insurer has in the Asia-Pacific region, underlining the Club’s commitment to provide its Members with both local expertise and global coverage. From its headquarters in Manila, Del Rosario Pandiphil will be dedicated to handling TT Members’ claims in the most comprehensive and effective manner.
TT Club Pinpoints Risks for Logistics Operators
The overwhelming majority of insurance claims analysed by TT Club have showed that costly damages and loss, as well as serious bodily injury can be prevented or significantly minimised by sensible and concerted risk management efforts. Speaking at this week’s TOC Container Supply Chain Asia Conference in Singapore, TT Club’s Phillip Emmanuel drew attention to the wide-range of causes leading to insurance claims by transport and logistics operators. “While these causes are varied…
TT Club Works Toward Safer Supply Chain
Freight transport insurance specialist TT Club said it is continuing its efforts to reduce risk in the supply chain. Through constant analysis of the claims it receives, the international insurer has pinpointed an array of operational circumstances that more commonly cause dangerous incidents resulting in bodily injury, sometimes death, and significant loss and damage to cargo, equipment and property. Following in a series of presentations at industry gatherings, by which the club seeks to draw attention to such causes and advises on steps to improve safety…
Port Accidents are Avoidable
Speaking this week at the industry forum, ASEAN Ports and Shipping in Ho Chi Minh City, Vietnam, TT Club’s Regional Director for Asia Pacific, Phillip Emmanuel, showed evidence that a very high percentage of the insurer’s claims were due to some kind of operational error. The majority could have been avoided through good management practice. Emmanuel highlighted the main areas of concentrated risk and presented effective recommendations to minimize these incidents. Leading transport and logistics insurer TT Club’s latest analysis of 9,500 claims over the past seven years, valued at $400 million, confirmed an ongoing trend in avoidable damaging events that resulted in claims.
TT Club Expand Claims Network in India
In a move designed to further enhance its service to its Members TT Club, the specialist insurer for the international transport and logistics industry, has appointed a network partner in India. Pandi Correspondents (Mumbai) Pvt Limited, which has offices in Chennai, Kolkata and Goa in addition to Mumbai will be integrated into TT Club’s claims IT system and has been delegated claims handling authority. Phillip Emmanuel is the leader of the Club’s operations in Asia-Pacific based in Hong Kong. “One of TT Club’s strongest attributes is its global claims service. As a mutual we are dedicated to handling our Members’ claims in the most comprehensive and effective manner possible. Our Members’ operations touch every part of the world and as such our service must be truly international.
