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TT Talk – heightened risks during the pandemic

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TT Talk – heightened risks during the pandemic

Heightened risks during the pandemic

2 June 2020

While TT Club has compiled information on many direct operational challenges at present, the articles here consider long-term concerns in the industry that may be either causative (wildlife crime) or exacerbated by (uncollected cargo) the current COVID-19 situation.

I hope you find these articles useful.

Peregrine Storrs-Fox
Risk Management Director, TT Club 

Wildlife crime update

A previous TT Talk article highlighted the exploitation of the global transport network by wildlife traffickers and the threats posed to the sector, including to human health and security. Here we revisit this important topic, considering wider risks associated with wildlife crime and their impact on the legitimate supply chain.

Mitigating risks of uncollected cargo
Uncollected cargo has long been a challenge for stakeholders in the supply chain. Notwithstanding the attention, debate and advice around the topic, it remains at the forefront of logistics operators’ minds. Every year the delay or failure of the consignee to collect cargo results in substantial storage, demurrage and detention costs. Such issues are invariably complex and require expensive management time to resolve.
Julien Horn, TT Club Middle East and Africa Portfolio Underwriter and Abdul Fahl, TT Club Senior Claims Handler will be speaking at the ICS ME Silver Jubilee Series Webinar this coming Saturday 6 June 2020.

They’ll be covering:

  • Impact of COVID-19 on ship agents, forwarders & logistics operators
  • Documentation issues & heightened risk of fraud
  • Loss prevention during the outbreak
  • Challenges in ship valuation during pandemic

Register on Zoom. Webinar ID: 854 0719 1467. Passcode: 392720

For assistance please email admin@icsmiddleeast.org

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