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.
How to mitigate the risks of uncollected cargo
The problem of uncollected cargo is a perennial problem for NVOCC operators, often resulting in considerable bills on warehousing, container demurrage, and disposal costs. Apart from anything else, there is a significant drain on management resource to bring resolution.
Uncollected cargo is not a new challenge to NVOCC, but in many parts of the world appears to be an increasing problem. The NVOCC is particularly exposed to liability to costs that arise rapidly where house bills have been issued and it acts as carrier.
There may not be a ‘silver bullet’ that can be applied generally, but there are clearly controls that can be implemented to assist in identifying the risk early and in mitigating the consequences. While TT Club provides insurance cover and global claims assistance that mitigate the costs that arise due to a consignee’s failure to collect cargoes, the more effective route is to maintain procedures to avoid the problem in the first place.
To read the full article from TT Club, click the link below….
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