Pledge helps BIFA guide Members on supply chain environmental issues
considered as the main environmental issues and the challenges they pose, whilst
providing guidance on the steps that they should take to launch an environmental policy or enhance an existing one.
From this month, BIFA Members will be able to access a range of tools from Pledge in order to better understand and address the environmental issues that affect how they manage international supply chains. Pledge is an integrated carbon
For more information scan the QR code.
measurement and offsetting platform providing tools for
emissions measurement, analytics and offsetting. By cooperating with Pledge, BIFA will help to support Members in their journey to having operations that are more environmentally sustainable. The available resources will be
designed to guide Members on what to do to address the tasks at
hand, rather than how to do it. They will address what needs to be
Fraud is the biggest threat to cargo losses
Criminal fraud in its many and various manifestations within the global supply chain is seen by international freight transport insurer TT Club as a primary and growing threat. Carrier fraud in particular is a dominant occurrence. Renewed vigilance is required and encouraged by the insurer. The almost exclusive use of online facilities to process business
transactions allows a myriad of fraudulent pursuits to find opportunities within the complexities of the global supply chain. These have many manifestations, from payment fraud that involves existing mandates and impersonation of executives to procurement fraud featuring false invoicing. Carrier fraud, in which criminals
imitate hauliers and other sub- contractors, including drivers with falsified documents, accounted for 84% of TT claims involving fraud or deception in 2022. TT is eager to pinpoint these risks and offer advice to industry on how to not just identify potential fraud, but to minimise and avoid losses through them.
Club press release in full and for links to further guidance.
Scan the QR code to read the TT
The Limits of Liability for Carriers
In association with
By air – Warsaw Convention (17 SDR): £18.55 per kg
By sea – Hague Visby rules (2 SDR): £2.18 per kg £727.58 per package
BIFA STC: (2 SDR): £2.18 per kg
By road – CMR (8.33 SDR): £9.09 per kg
Insurance for the Marine & Logistics industries
(The SDR rate on 20 January 2023, according to the IMF website, was 1.09137)
By air – Montreal Convention (22 SDR): £24.01 per kg
+44 (0) 1628 532613
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