TT Club

90 Fenchurch Street London, EC3M 4ST
+44 (0)20 7204 2626
http://www.ttclub.com
  • About TT Club

    TT Club is the leading provider of insurance and related risk management services to the international transport and logistics industry.  From the world’s largest logistics companies to individual transport operators – we provide quality tailor-made cover for our members.TT Club has unparalleled experience in transport and logistics insurance and at any one time handles over 10,000 open claims files – covering everything from bodily injuries, contractual disputes and mis-declared cargo to forklift truck collisions and sinking ships. 

    With nearly 50 years of service, TT Club’s wealth of experience brings you:

    • Expertise in tailoring the right cover for you
    • Experience in helping you to avoid unnecessary risks
    • A single source of knowledge, readily available
    • Confident judgements on whether a claim is worth pursuing in court or not
    • Support from specialist surveyors, lawyers and other experts

    An integrated service, unlike general insurers, we are transport specialists. Our network of local partners – spanning 200 countries – share our integrated IT systems. Our extensive geographic reach ensures we can always get the right person on site quickly – a local expert who not only speaks the language and appreciates the culture, but also understands all the applicable laws and regulations. 

  • TT Club Credit Ratings
    AM Best rating A – (excellent)

TT Club analyses supply chain risks relating to weather

TT-Club-analysis-of-supply-chain-risk-relating-to-weather

Leading international freight transport insurer TT Club has analysed worldwide claim trends over the past 10 years (2007-2016), finding the number of occurrences of severe weather damage has increased and appears to be occurring more randomly than before.

In the past, the most severe weather damage occurred in tropical regions, based largely on the development of hurricanes in the western Atlantic and typhoons or cyclones in the western Pacific. Severe winter storms remain a risk in any part of the world, but it is apparent that the numbers resulting in claims and damage costs have increased, particularly in Europe.

Perhaps unsurprisingly with recent media coverage of the significant damage occurring across the Caribbean and into the US mainland, TT Club’s analysis of weather claims demonstrates the preponderance of claims arising from storm surge and flooding. However, the totality of costs resulting directly from wind is notable.

It is recognised that heavy rain and flooding (32%) associated with storms are often difficult to prevent when cyclonic swells, tides or flooded river deltas surge into the port and terminal areas. Rising sea levels and the increasing potential for storm surge in littoral locations in any part of the globe mean that planners and engineers need take particular care in the design and location of future port developments.

Operational concerns, however, come to the fore when storms arise. Weather related damage and claims are unavoidable, but certain of the associated risks can be prevented or minimised. For example, during the last decade, the number and cost of incidents of quay cranes being blown along the berth has decreased substantially, due in some part to publicity campaigns to raise awareness of the issue and loss prevention actions.

However, the impact of wind on smaller items of handling equipment, containers and breakbulk cargo resulted in a total of 30% of the claims cost incurred. Again, recent images clearly show how easily empty containers can be displaced from their stacks during storm conditions.

The risks of damage to ships in port, including impact to the berth or cranes, due to large swells or high winds appears to have become better managed over the past decade. TT Club has repeatedly recommended shipping and port stakeholders focus on this and review ship movement and berthing procedures. Such procedures include parking quay cranes away from the bridge or stern of the ship when berthing or in the centre of where the ship will berth, ensuring the quay crane boom is raised during the process. Furthermore, it would appear that many ports have implemented improved pilotage procedures and considered in detail the use and size of tugs. Naturally, procedures in extreme weather conditions need to be reviewed and – as with any emergency process – practised periodically.

TT Club, in collaboration with the ICHCA International, produced more detailed guidance to assist ports and terminals in developing and implementing procedures to mitigate the effects of severe weather. This handbook, entitled “Windstorm II: Practical risk management guidance for marine and inland terminals” can be accessed/purchased at www.ttclub.com.  

Latest video

TT Club celebrates its 50th anniversary

TT Club was founded in 1968 by some of the early adopters of the unitisation of cargo, the container, and has played an increasingly important role providing bespoke... click here for more