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TT Club’s risk newsletter


goes ‘live’ International freight transport insurer TT Club has announced that its well-respected loss prevention newsletter, TT Talk, will be made available as a podcast. TT Live will be recorded monthly


and released at the same time as the written version. TT’s goal is to advise its Members


TT Club focuses on action to reduce temperature-controlled cargo losses


The leading international freight transport and logistics insurer, TT Club, has drawn attention to action required to reduce perishable cargo losses and refrigerated container failures and damage. Analysis of the specialist insurer’s


claims records for transport operators over the past three years shows temperature-controlled incidents ranking in third place. Almost 30% of these incidents involved a miscommunication of operational instructions on care of the cargo, with a further 23% down


TT continues in its attempts to


minimise losses for both its Members and all those involved in the cool supply chain with publicly available guidance documents such as ‘StopLoss – Temperature Controlled Cargo’, and increasingly via online webinars. The latest was held in October,


entitled ‘Warm or cold: is it a game?’. With expert speakers, this forum


to temperature setting errors. Reefer equipment failure or


damage accounted for a quarter of the claims.


contained causational information as well as advice on risk avoidance. A recording can be accessed at https://vimeo.com/468481894


and the industry at large of loss prevention techniques to improve safety, reduce accidents and mitigate damage to cargo and property. Appreciating that those on the frontline of logistics operations may rarely get a moment to sit down and read, TT Club is providing this loss prevention resource that can be consumed whilst driving or walking. In addition, six specially


produced interviews on various aspects of contractual challenges in the operation of the container supply chain were made available in late 2020. These covered: • Uncollected and abandoned cargo, • The importance of the incorporation of Standard Terms & Conditions (STC),


• Contract review, • Due diligence (sub-contracting road haulage),


• The distinctions between liability and cargo insurance,


• Assessing the risks of doing business in unfamiliar jurisdictions.


The podcast and interviews can be accessed via TT’s hosting site at https://anchor.fm/tt-club


By sea – Hague Visby rules (2 SDR): £2.18 per kg £727.52 per package


By road – CMR (8.33 SDR): £9.09 per kg


By air –Montreal Convention (22 SDR): £24.01 per kg


January 2021


By air –Warsaw Convention (17 SDR): £18.55 per kg


BIFA STC: (2 SDR): £2.18 per kg


(The SDR rate on 14 December 2020, according to the IMF website, was 1.09127)


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