MOST insurance claims analysed by freight transport insurer, TT Club, have shown that costly damages and loss, as well as serious bodily injury can be prevented or cut by sensible efforts.
Speaking at the TOC Container Supply Chain Asia Conference in Singapore, TT Club's Phillip Emmanuel drew attention to the wide-range of causes leading to insurance claims by transport and logistics operators.
"While causes are varied, from theft and poor maintenance to bad cargo handling and packing, they share a lack of training, employment of best practices, monitoring and checking," said Mr Emmanuel.
Such action, not only prevents injury and damage to assets but also reduces insurance overheads, maintains operational efficiency by minimising interruptions and delays and keeps customers satisfied.
The conference presentation exemplified a number of situations where cargo which was badly stowed, packed and loaded or otherwise poorly handled caused damage and injury.
Examples of miscommunication of information about reefer cargo, mis-declaration of hazardous cargo and load weights, inaccurately drafted contracts with sub-contractors and a lack of IT security were all discovered in the analysis.
"Prevention is a combination of safe and physically secure facilities and equipment; rigorous checks and double-checks on paperwork and information flow combined with well-trained, well-motivated employees and trusted partners," Mr Emmanuel said.
WORLD SHIPPING
18 April 2014 - 19:50
TT Club calls for better training, practices, checking to avoid loss
MOST insurance claims analysed by freight transport insurer, TT Club, have shown that costly damages and loss, as well as serious bodily injury can be prevented or cut by sensible efforts.
WORLD SHIPPING
18 April 2014 - 19:50
TT Club calls for better training, practices, checking to avoid loss
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