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 explains 'General Average' and how it works
Following the tragic casualty of ‘Maersk Honam’ it is timely, particularly for shippers and freight forwarders, to cover the dynamics and risks associated with General Average.
While the concept of General Average (GA) is widely recognised and as old as maritime transport itself, it is also a commonly misunderstood process. This principle of maritime law governs the process by which all stakeholders in a particular voyage share losses resulting from actions taken in an emergency.
To read the full article from TT Club, click the link below….
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