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            october 24, 2019

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Busworld 2019

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TT Club against transport of dangerous goods


TT Club, the transport insurance provider, has urged regulatory bodies to ensure provisions to guard against the transport of dangerous goods in containers, the Exim News Service reported.
TT Club has suffered a loss of an estimated $ 100 million in the explosion and fire aboard the Hyundai Fortune in the Gulf of Aden on the Far East to Europe run.
If countries do not conduct safety compliance inspections, then the industry itself—carriers, terminals, forwarders—must take on inspections, TT Club Risk Management Director, Mr Peregrine Storrs-Fox, stressed.
Mr Storrs-Fox called upon all parties in the supply chain to "know their customer" and argued that it was proper for forwarders and carriers to understand enough about their customers’ business activities to identify whether dangerous goods may be involved.
He called on all parties involved in the supply chain to reduce non-compliance with the international Maritime Organisation’s (IMO) IMDG Code, which governs sea transport of packaged dangerous goods.
According to him, 127.8 million TEUs were carried in 2006, an increase of 10 per cent over 2005, indicating that declared dangerous goods shipments stood at between 6.4 million TEUs and 13 million TEUs.
He said the risks were high and rising, pointing to the 16 major containership casualties between 1998 and 2006, averaging two mishaps per year.

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