BORDERS SUPPLY CHAIN SOLUTIONS UTILISING BLOCKCHAIN - SUMMER 2018 - Logical Financial Management
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
Contents ACROSS
2
4
6
Trusted Traders gaining a competitive edge on the world
stage
What is the Motus Ware story
BORDERS
ACCC sets the scene for state governments to act on
Terminal Handling Charges
SUMMER 2018
8 Louder voice for Australian shippers
10 Hamburg Süd. A brand apart.
12 Interview - Ian Doherty, Executive Manager Customer &
Strategic Development, Port of Newcastle
14 Fuel for thought
17 Managing transition – Tasmania’s emerging challenges and
opportunities
18 General Average – Oh So Misunderstood!
20 Menzies Aviation Cargo Security Screening
22 Interview - Ian Fletcher, Director XLI Global Air & Ocean
25 Data is the New Oil: How Big Data is Transforming Logistics
26 Are you an Employer of Choice?
28 FTA and Logical launch new insurance services
28 Detailed credit worthiness checks often lead to high quality
customer relationships
29 Trade, travel and travelling traumas
30 The OBP Difference
32 Containerchain Rolls Out Platform Advancements for
Container Supply Chain Synchronisation and Connectivity on
the Landside
34 The Economy and the impact on Foreign Exchange Markets
36 Does A Four Day Work Week Make Good Business Sense? Advocating for logistics and
37 Interview - Alison Cusack, Australia President, Women’s
International Shipping and Trading Association – WISTA regulatory reform
39 Congratulations Jeanine Drummond, Harbourmaster -
Newcastle As highlighted in the Chairman’s report, the Australian Peak
39 WISTA Oaks Day Shippers Association (APSA) and Freight & Trade Alliance
39 Women in Logistics - Speaking with Influence Workshops
(FTA) continue to focus on what is clearly an unacceptable
imposition of Infrastructure Surcharges. We have been
40 Closing the Gap – automation can help
working tirelessly to address this issue and we commend
42 ACFS raises the e-commerce bar with its new facility in the Australian Competition and Consumer Commission
Eastern Creek
(ACCC) for their latest stevedore monitoring report and the
44 Interview - DSH Global Logistics celebrates 25 years of Victorian government for taking a lead by announcing a
service
review of port related costs.
46 What we can look forward to in an Australia – European Union
free trade agreement Andrew Crawford, our Head of Border and Biosecurity, and
48 The TPP to begin in 2018 – But are there any real benefits? Tony Nikro have been outstanding in supporting members
through the significant challenges posed by the current
50 Border and Biosecurity update – FTA perspective
Brown Marmorated Stink Bug season. We look forward to
53 A busy program of biosecurity activities and collaboration this close engagement with all stakeholders as a part of a post
holiday season
implementation review to examine how to best manage this
56 Biosecurity - where does the future lie? significant Biosecurity risk in future seasons whilst ensuring
58 The number one error made on import declarations – effective facilitation of import trade.
the valuation date
On a personal note, Caroline (Zalai) and I would also
60 Know Your Data, Know Your Exposure
like to take this opportunity to congratulate fellow FTA
62 Inaugural Care-Factor Charity Night 2018
Director and APSA Secretariat, Travis Books-Garrett, on
his appointment to the Board of the Global Shippers Forum
(GSF). This appointment ensures that FTA/APSA members’
Across Borders is published by interests will stay at the forefront of future international
Freight & Trade Alliance (FTA) trade developments.
68 Brooker Avenue
We trust that you enjoy reading in more detail about the
Beacon Hill NSW 2100
above developments and our other key advocacy focus
T: 02 99751878 areas in this Summer edition of Across Borders. Finally, on
E: info@FTAlliance.com.au behalf of the FTA/APSA team, we would like to wish you
www.FTAlliance.com.au and your families a safe and merry Christmas and we look
forward to partnering with you again in 2019.
Design by
Siren Design Studio
T: 0412 103 569 By PAUL ZALAI, Co-founder and Director,
E: info@sirendesignstudio.com.au Freight & Trade Alliance (FTA)
For advertising rates please contact
Paul Zalai on 0408 280 123
Front cover – sponsored by Motus Ware Summer 2018 I Across Borders I 1FOREWORD
Trusted Traders
the validation process. It’s great to see the
program growing at such a fast pace.
Recently, I was fortunate enough to present
some newly accredited Trusted Traders with
gaining a competitive
accreditation globes and welcome them to the
program. Among them were Kmart Australia
and Pandora Jewellery. These new businesses
join the likes of other international businesses
edge on the world stage
such as Apple, IKEA and Louis Vuitton.
Hong Leow from Kmart Australia Limited
said, “Kmart is thrilled to be an Australian
Trusted Trader. As a fast moving, high volume
Australia has a proud history as a trading business, this will help with productivity and
nation. My Government initiated the Australian faster processing times at the border. Fewer
Trusted Trader program to manage the interventions will mean our stock will be able
increasing volumes and greater complexities to be more readily available on shelves for our
Australian businesses were facing within the customers across Australia.”
international supply chain. Australian Trusted David Blamires, the Logistics Operations
Trader allows us to preserve that legacy and Manager-Pacific Region for Pandora Jewellery,
propels us into a future of new economic said they were most looking forward to faster
opportunities. customs processing and getting their new
Australian Trusted Trader has fundamentally ranges into stores quicker.
changed the way we work with our “I know that being a Trusted Trader means
international trading partners in managing that if a cargo examination is required, we will
the movement of goods across our border. receive priority processing,” Mr Blamires said.
Our strong relationships with our international
trading partners has meant we’ve been able Alex Menta, the Regional Customs Manager
to develop a number of Mutual Recognition from GM Holden has been a Trusted Trader
Arrangements (MRAs), providing Trusted since the program was piloted in 2015.
Traders with unprecedented access to trade
“For organisations that are consumer centric
facilitation benefits and increasing their
and where time is critical, it’s assuring to
access to global markets.
know you are going to receive your containers
Trusted Traders now have access to seven on time – that itself is a massive benefit,” Mr
MRAs, streamlining the clearance of goods at Menta said.
the border with Canada, the People’s Republic
While we can celebrate the economic
of China, Hong Kong, Taiwan, the Republic of
benefits Australian Trusted Trader provides
Korea, New Zealand, and Singapore.
to businesses, the program is also vital to
I am excited to see negotiations are underway the Government’s approach to facilitate trade
for additional MRAs with the United States, enforcement. Working in partnership with
By SENATOR LINDA REYNOLDS CSC, Japan and Thailand, with more countries to Trusted Traders allows the Australian Border
follow. Force (ABF) to develop a better understanding
Assistant Minister for Home Affairs of how secure and compliant businesses
MRAs are a fantastic advantage of the
undertake international trade.
Australian Trusted Trader program, which we
predict will provide a benefit of around $2.8 This means the ABF can focus their efforts
Freight & Trade Alliance (FTA) and billion to industry between 2015–2025. on targeting high-risk, unknown or illegitimate
traders.
the Australian Peak Shippers’ The program has also experienced significant
Association (APSA) play an important growth in the last year with the number of I am pleased to see the program supporting
accredited Trusted Traders now over 250, with the ABF and continuing to contribute to
role in protecting the interests
more businesses currently progressing through keeping Australia’s border safe and secure.
of Australia’s cargo owners and
shippers, as well as bringing together
importers, exporters and industry
groups. Collectively FTA and APSA
remain at the forefront of all emerging
supply chain issues, and I believe it
demonstrates what can be achieved
through collaboration between the
Australian Government, industry and
our international trading partners.
Assistant Minister for Home Affairs, Linda Reynolds CSC with 12 newly accredited Trusted Traders
2 I Summer 2018 I Across BordersAustralian Trusted Trader
Testimonial – Aqualuma
Since 2005, Gold Coast-based
lighting company Aqualuma have
been leading the marine industry
with LED lighting technology for
the world’s top motoryachts,
superyachts and marinas. Since
becoming an Australian Trusted
Trader in late 2017. Directors Carl
and Grant Amor have expressed
how becoming accredited has
helped their business’ reputation.
“I think the reputation of being a Trusted
Trader, that is backed by a body like
Australian Border Force, tells people we can
be trusted, and from that point of view the
Aqualuma Directors Carl and Grant Amor with Australian Border Force Officer Angelica Nudo-
program is a sensational thing,” said Grant
Fountain outside Aqualuma Headquarters
Amor.
Aqualuma deals with a lot of blue chip Carl Amor says that since becoming Trusted in Australia and internationally, as a mark of
companies around the world, so becoming Traders, large companies have specifically trust.
a Trusted Trader was an obvious next step chosen Aqualuma over other companies as
for the company as it speeds up the process a result of their Australian Trusted Trader “It’s very easy to endorse your own
of getting their products across the border accreditation status. Evidently, the Australian company—but when you get an endorsement
without any delays. Trusted Trader logo is quickly gaining traction like this—it’s invaluable,” said Carl Amor.
YOUR PARTNER
IN TRANSPORT &
LOGISTICS RECRUITMENT
1300 INSYNC | www.insyncpersonnel.com.au
Summer 2018 I Across Borders I 3ADVERTORIAL
What is the
Ask yourself what you want to achieve
and why? Keep the focus tight and don’t
get sidetracked with the technology
noise. Don’t allow yourself to be in a
situation where you are simply following
story
a trend because it’s a hot button topic.
What is Rapid Release?
Rapid Release is the first product under
development by Motus Ware. The
By SIMON BORG, CEO and founder Motus Ware culmination of 12 months of planning
and preparation, we have already
commenced development and have
Motus Ware Pty Ltd was founded in Our view on Blockchain and general been able to create transactions in a
discussion on new and emerging Blockchain.
August 2018 in Melbourne. Although technologies.
a recent start for the business, we Rapid Release will allow stakeholders
Aside from building a usable application, to easily manage cross-border tax
have been working on a process we believe we should also assist industry obligations using a simple drag and
patent in the Blockchain space for to break down some of the hype around drop function. The process is milestone-
the past 12 months. Having now the new tech coming into supply chains based and allows for completely
moved to patent pending, we have globally. In my role as Group CEO of
transparent end to end control.
Navia Logistics, we have invested heavily
started to develop our first product into technology for quite some time The payment management side of
based on this patent called Rapid now. From this experience I have a firm the business will be handled by Veem
Release. view that none of this will “disrupt our headquartered out of San Francisco.
industry”. It is quite simply part of the Veem is the only global payments
natural evolution of things. processor built for small businesses.
Our founders are all supply chain Their unique multi-rail technology finds
All you need to do is look at history to
professionals having experience across safe, frictionless, and cost-effective
see that everything evolves. Humankind
a broad spectrum of disciplines in paths for international transfers to over
will always innovate simply as part
the industry. This experience and
of who we are. Should we call this 96 countries.
expertise will allow us to bring to market
disruption or simply humans doing what
technology that delivers on the promised We expect to have Beta testing
they always do?
gains this technology has to offer. commencing in December 2018, which
Blockchain will not be the “Golden will show how simple and effective the
MotusWare product is being designed
Hammer” that fixes everything. We see technology can manage a cumbersome
to work within current systems and
the technology as just one tool that can task.
bring to market plug and play benefits
deliver effective gains, but it also has
of Blockchain. Our goal is to offer the What’s next?
limitations that are better addressed by
least resistance to adoption, offering
using other technologies.
our clients the power of blockchain The way we have designed Rapid
technology without the complete re-build Putting my freight forwarder hat on, my Release allows us to keep the core code
of their system that generally goes with recommendation to the industry is to first as a base functionality that will easily
it. understand what your business needs. allow additional applications to be built
around it.
On that front, we are working on a new
patent which will encompass a readable
secure container seal to feed data into
a Blockchain. At this stage, we can’t
go too far into the detail however our
intent is to create a preventive measure
for container tampering, whilst also
adding various payment, customs, and
documentation functionality.
We are also actively seeking additional
industry stakeholders as partners to test
and deploy live product.
If you would like to know more
about our work in this area or if you
would like to participate in
our pilot, please email me at
Simon Borg (third from left) and team - Kathy, Gian, Brendan, Tanim and Larissa simon@motusware.com.au
4 I Summer 2018 I Across Borders“ There is no doubt in
my mind that from a
reputation point of view,
ATT is invaluable ”
Shaping
Grant Amor
Director Aqualuma
the Australian Trusted Trader (ATT) reduces red tape
at the border and expedites the flow of your cargo
future
in and out of Australia, providing faster access to
market and saving you valuable time and money.
ATT is free to join with no ongoing fees.
of trade
ATT is the future, join today.
www.ABF.gov.au/trustedtrader
Summer 2018 I Across Borders I 5EXECUTIVE REPORT
ACCC sets the scene for state
governments to act on Terminal
Handling Charges
By PAUL BLAKE, Chairman, Australian Peak Shippers Association
The much-anticipated Australian
Competition and Consumer
Commission (ACCC) Container
Stevedoring Monitoring Report
2017/18 was released on 30 October
2018 against a backdrop of the
announcement of further significant
increases in Terminal Access Fees by
DP World Australia to take effect on 1
January 2019.
In my report for the Spring edition of
Across Borders I wound the clock
back to the late 1990s to set the scene
around the evolution of the Terminal
Handling Charge (THC). Shipping lines Travis Brooks-Garrett (FTA/APSA) welcoming attendees – seated L to R, Peter
imposed the THC as a “transparency Morgan (CEO, Australian Council of Wool Exporters & Processors), Andrew Wallace
tool” for cargo owners to understand (Senior Advisor Office of the Hon. Michael McCormack MP), Dominic Dillon (Cargill),
Dr Steven Kennedy (Secretary of the Department of Infrastructure, Regional
how well (or badly) the stevedoring
Development and Cities), Paul Blake (Chairman, APSA), Pip Spence (Deputy
industry was functioning at that time.
Secretary of the Department of Infrastructure, Regional Development and Cities)
The THC has been with us for 30
years and until 2015 was the conduit based on the historical 80/20 formula being levied are “fair and reasonable”
for the passing on of increases (never (a formula originated by the shipping and not being used as a revenue-
decreases) of stevedoring costs, by industry) developed in Australia and enhancing exercise by the lines, unable
shipping lines to cargo owners/shippers, shared with the global market!! to be audited by their customers.
The THC was and presumably still is the The Australian Peak Shippers
cost paid by the shipping line of 80% of
Association (APSA) challenges the notion
the FULL stevedoring service provided
by the stevedore, that is the receival/ of confidentiality of these agreements
delivery of the container, movement to/ back in 2005. If not for the dissolution
from the pad and laydown, sequencing of the particular Shipping Conference
for loading/unloading, movement to/ during the ACCC investigation, there
from the pad to the ship-side, lift-on/off may have been a case that, for shipping
the vessel and administration services lines to avoid a breach of Part X, they
(planning/clerical/management). would have been compelled to share the
Shippers (exporters and importers) commercial details of their arrangements
have been (and remain) excluded from with stevedores.
any negotiation between stevedores
It was therefore with much interest
and shipping lines in the provision
of stevedoring services as these that I read the ACCC’s 2017/18
agreements have been held to be stevedoring report and noted the subtle
confidential between the stevedores and but extremely interesting change in
Rod Sims (Chairman ACCC) and shipping lines. As such, shippers are the language being used in this report,
Paul Blake (Chairman APSA) unable to clearly ascertain if the THCs versus the 2016/17 version.
6 I Summer 2018 I Across BordersThe stevedoring and the shipping
industry have been and continue to
be disingenuous towards Australian
cargo owners and the Australian public,
through their manipulation of the current
legal framework and refusal to pass on
the benefits of stevedoring reform and
productivity improvements.
Nothing could demonstrate this more
Event Sponsor, Anthony Jones (CEO, Linx Cargo Care Group) – seated L to R, Kurt succinctly than the fact that of the
Wilkinson (Fletcher International Exports), Olga Harriton (Manildra Group), Eimear 8.1 million TEU which passed through
McDonagh (Namoi Cotton/ Australian Cotton Shippers Association) Australian ports in the period of the ACCC
review, 1.9 million TEU or 23.45% were
not charged an infrastructure fee!
In the 2016/17 report the revenue of advised by lines in 2018 on the basis that
stevedoring was identified thus: stevedoring rates have increased. These containers are “empty
repositioning” and as the movement
“Revenue per TEU, a proxy for price, How is this so?
of empty stock is a component of the
continued to fall across the industry in confidential agreements between the
The ACCC report clearly identifies that
2016-17. Total revenue fell 2.0 per cent stevedores and the shipping lines, they
stevedoring rates have been falling for
to $169.7 per TEU, while stevedoring some years yet Australian cargo owners are exempt from an infrastructure levy.
revenue fell 4.5 per cent to $138.8 per have seen none of the benefit of this Another free kick for the shipping industry.
TEU. This has continued a very consistent change in the “transparent tool” imposed
trend which now sees unit stevedoring The question is why?
by the lines.
revenue at a level which is about a quarter
On a final note, we would also like
less than a decade ago in real terms.” It is now time for an in-depth review of
the commercial structure of the over- to express our sincere appreciation
In the 2017/18 report we have a port model and APSA fully supports to the Linx Cargo Care Group who
significant change in the language being the Victorian Government’s recent generously sponsored our corporate
used to describe stevedoring revenue: announcement of an investigation of dinner at the Hyatt Hotel Canberra on
we are introduced to the concept infrastructure levies as they impact in 9 October 2018. Anthony Jones, CEO,
of “Quayside revenue and Landside Victoria. Linx Cargo Care Group provided an
revenue”. overview of their diverse operations
We encourage all State Governments to with a focus on solutions supporting
Indeed, the report identifies that the do likewise. our regional exporters. We were also
former fell 8.5% to $195.60 and the latter
What is paramount is that any inquiry has privileged to receive an address and
increased by 30.7% to $63.30 for a total
wide-ranging terms of reference so that genuine engagement from Dr Steven
revenue per TEU of $258.90.
the complete end-to-end commercial Kennedy, Secretary of the Department
Does this mean that the 2016/17 numbers model can be laid bare and the of Infrastructure, Regional Development
were incorrect or does it mean that inconsistencies which allow the current and Cities, Ministerial advisors and senior
stevedoring rates have increased $89.20 unchecked gouging to proliferate are departmental representatives providing an
per TEU? understood; steps must then be taken to important opportunity to further support
change oversight and management of the our advocacy relating to transport, port
While there needs to be some clarification
port interface. costs and trade initiatives.
of the numbers, the clear intent of the
stevedoring and shipping industry is for
not only market recognition of the not-so-
subtle change in the commercial model,
to split out the quayside and landside
costs, but also that the “Quayside cost”
will be squeezed to deliver lower prices
to the shipping industry and increased
competitiveness for the stevedore. This is
to the detriment of the landside cost and
shippers.
Clearly the shipping and stevedoring
industry believes that this arrangement will
be unchallengeable, under the historical
confidential agreement arrangements I
referenced earlier in the report.
APSA has received no advice from any
shipping line that THCs will be reduced in
line with findings of the ACCC report. In Keynote address Dr Steven Kennedy (Secretary of the Department of Infrastructure,
fact, there have been increases in THCs Regional Development and Cities)
Summer 2018 I Across Borders I 7EXECUTIVE REPORT
Louder voice
it, now sits on a global body dedicated
to influencing regulatory developments
impacting on international freight transport
and the policy decisions of governments
and international organisations as they affect
shippers and receivers of freight,” Mr Brooks
for Australian shippers Garrett said.
“APSA and FTA co-hosted the GSF’s annual
general meeting and very successful global
conference in Melbourne in May this year –
a first for the Southern Hemisphere – and
Australia’s importers and exporters now have a stronger voice in I believe international members were able
international trade following the election of Travis Brooks-Garrett to the to see first-hand Australian importers’ and
Board of the Global Shippers Forum (GSF). exporters’ support for our effective, persistent
and committed efforts on shippers’ behalf.”
The London-based GSF, originating in shipping services. APSA members include
1996 and formally incorporated as a non- Australia’s largest containerised exporters by
governmental organisation in 2011, is the volume.
peak body for leading national and regional
He is also a director of Freight & Trade
trade and transport organisations in Asia, Alliance (FTA), the advocacy body
Europe, North and South America, Africa and representing approximately 70% of the
Australasia. country’s inbound containerised trade,
Mr Brooks-Garrett is the Secretariat and including major importers and logistics service
a Board member of the Australian Peak providers.
Shippers Association (APSA), designated “While my election to the Board is a personal
by the Federal Minister of Infrastructure and honour it’s far more important that Australia,
Transport to protect the interests of Australian a nation so utterly dependent on international
exporters in respect to international liner trade and the efficient transport that facilitates
Travis Brooks-Garrett
NEW COURSE
Chain of Responsibility
Essential training for everone in the transport chain
The Chain of Responsibility (CoR) requires that anyone who has control over the
transport task must ensure their actions, inaction or demands do not contribute to
breaches of Heavy Vehicle National Law.
This course provides everyone in the transport chain with a clear understanding PAY & ENROL ONLINE
of their responsibilities under CoR and the actions they may take to ensure
breaches in heavy vehicle mass, dimension, loading, speed and driver fatigue $137.50 per enrolment
laws do not occur. Price includes GST
For more information go to:
www.compliancenetfta.com.au
Call: 02 9957 1878 or email: info@FTAlliance.com.au FREIGHT & TRADE ALLIANCE
Freight & Trade Alliance, 68 Brooker Avenue, Beacon Hill, NSW 2100. ABN 59 160 523 384
8 I Summer 2018 I Across BordersGSF Director and Secretary General James
Hookham said the other directors of the Forum
welcomed the support of the Australian Peak
Shippers Association in nominating Travis to
serve on the GSF Board.
“Travis’ in-depth knowledge of trade
procedures and understanding of the shipping
markets will greatly assist the Board in setting
the direction and strategy of GSF to achieve
the outcomes sought by its members,” Mr
Travis Brooks-Garrett, FTA / APSA (back row second from left) - representing the GSF as a
Hookham said. “We look forward to working
guest of the Director-General of Chinese Customs in Shenzen for the U.N. IPPC Sea Container
with him.”
Taskforce Meeting – November 2018
“On a day-to-day basis GSF is lobbying,
educating and influencing government • The abolition of liner conferences and and efficient shipping markets by all modes
and inter-government organisations on an price fixing and capacity agreements in all to improve the performance of shippers’
expanding range of regulatory and trade issues trades to and from Europe. logistics and supply chains. We are therefore
affecting shippers, and in doing so raising
• Persuaded the ILO/IMO not to introduce campaigning for:
the profile of shippers and their interests.” Mr
Brooks-Garrett said. new regulations increasing shippers’
• Regulatory reform in ocean transportation
responsibilities for the safe stowage of
“I am confident we in Australia can and will containers throughout the whole supply chain in in Asia and North America.
make a substantial contribution to GSF’s work favour of enhanced guidelines in the promotion • Market based voluntary environmental
and, at the same time, reap the benefits of their of training and best practice.
efficiency measures to mitigate the impacts
drive and momentum.”
• Influenced the outcome of the recent of shipping and transport emissions and
The appointment is for a three-year term. INCOTERMS revision by the International greenhouse gases (GHGs).
Chamber of Commerce.
What results has GSF achieved for • Mutual recognition of global security
shippers? What is GSF campaigning for? regimes through ICAO and WCO to enhance
Here are some recent examples of successes GSF is campaigning on the issues that existing global security arrangements and
GSF has secured for shippers: most affect shippers, including competitive facilitate international trade.
SWIFT CONTAINER SERVICES
Are you in need of upgrading
your current transport service provider ?
At Swift Container Services we offer a service level unmatched
by any other wharf carrier in Sydney. A service level that has
seen us grow to become Sydney’s largest direct to client
container service provider.
Commitment to service and constant communication
with our clientele is also what separates us from the rest.
We have the ability to deliver your container via skel
trailer, drop trailer, B Double, sideloader and our
HML accredited fleet.
Our HML fleet allows us to legally deliver overweight
containers directly to your client and avoiding costly
via yard, unpack and redelivery charges.
When you require the job done right the first
time, every time, on time and on budget,
please contact us today and get in front of
your competitors.
P: (02) 9642 1549
E: michael@swifttrans.com.au
www.swifttrans.com.au
Summer 2018 I Across Borders I 9ADVERTORIAL
Hamburg Süd.
Hamburg Süd’s capabilities comprise:
• Logistics management
- Efficient equipment fleet
management and on-site
A brand apart.
container positioning
- Fail-safe EDI links with ports,
terminals and road/rail
operators
• Ocean transportation services
- Reliable schedules and fast,
frequent sailings
- Highly competitive transit times
- Convenient, coordinated
transhipment services
• Intermodal coordination
- Secure intermodal links
(coastal/road/rail)
- Real-time online track-and
trace facilities
Hamburg Süd pursues a multi-channel
e-Commerce strategy designed to
support the electronic shipment process
flow, allowing our customers to select
their preferred path. Our advanced
supply chain management services
– including accurate, real-time cargo
tracking-and-tracing – are delivered via
our own e-Portal and mobile website;
external multi-carrier portals such
as INTTRA; and robust, bilateral EDI
connections.
Our sustainability commitment is defined
as “seeking to reconcile economic
efficiency, environmental protection and
social responsibility based on stable
economic development.” Supported by
A future-driven company with a 147 year tradition, Hamburg Süd is a our Compliance Management System,
powerful brand in the international logistics services industry. One of the the company’s processes also reflect
the importance that we place on our
world’s most experienced carriers, the company is synonymous with
industry-related legal obligations and
‘total transport’. With our large fleet of ultra-modern containerships and
guidelines. This includes rigorous Quality
our multi-trade network, we specialise in worldwide ocean transportation; Management effected according to the
single-source, individually-tailored logistics; just-in-time supply chain highest ISO and ISM standards.
management and sophisticated end-to-end cargo care. And Hamburg
Hamburg Süd is the embodiment
Süd’s localised, highly personalised approach to service, being of
of a modern, sophisticated ocean
paramount importance and value to our customers, is a distinguishing transportation and logistics operator
feature of our operating philosophy. – and our offering is unique. We
combine all the benefits that only
Hamburg Süd’s reliable, dedicated The quality of our equipment and cargo powerful resources can provide – global
services link Australia with Europe care – including monitored end-to-end
strength, stability and technological
and the Mediterranean; North, South cold chain integrity and produce-specific
leadership – with the agility, ingenuity
and Central America; Mexico and atmosphere control – sets the industry
standard. With our in-house Global and responsivity that are the hallmarks
the Caribbean; Asia; South Africa; of a specialised, high-performance
Reefer Competence Team providing
New Zealand; and the Pacific Islands. premium support for our perishable service support provider and cutting-
Many of the company’s services cargo customers, we rank among edge solutions expert. Excellence – it’s
are interconnecting and our global the top five reefer container carriers our commitment, and it’s what our brand
intermodal network is second-to-none. worldwide. stands for.
10 I Summer 2018 I Across BordersA friend in the business.
Hamburg Süd.
We learned a long time ago that above all, customers need a friend.
Someone with the personal concern needed to take extra care, and
who delights in pleasing you. That kind of relationship is built up
over a long time. It requires dedicated personnel on the part of
the carrier – and commitment from the shipper too. (Trust works
both ways). Hamburg Süd treasures that kind of relationship.
How about you?
No matter what.
www.hamburgsud-line.com
Summer 2018 I Across Borders I 11SHIPPING REFORMS
Interview
Ian Doherty, Executive
Manager Customer & Strategic
Development, Port of Newcastle
As a part of a series of updates on developments at the Port of Newcastle, Paul Zalai, Director FTA,
speaks with Ian Doherty
also planning for the continuation and
growth of our major bulk trades, including
coal, fuel, fertiliser, wheat and mineral
concentrates.
3. PAUL ZALAI - Aside from the Port
Master Plan initiatives, how else is
the Port looking to grow and diversify
trade?
Diversification means different things to
different people. There is a suite of key
strategic development opportunities
currently underway that support both our
short- and long-term plans. Having said
that, while our eye is on the future, we
need to ensure we provide best-in-class
service delivery to our existing clients.
We are in the process finalising the
development of a General Cargo Hub
with a focus on making Newcastle the
East Coast’s port of choice for steel and
1. PAUL ZALAI - The Port of part of our ongoing conversations with our general cargo handling, with improved
Newcastle is shortly to publish a customers and industry partners to 2040. berth availability and the best in cargo
Port Master Plan. What is the Port of care.
Newcastle’s long term vision? 2. PAUL ZALAI - What are the
The Newcastle Bulk Terminal is a $33
key projects and development
Our vision is to become Australia’s first- million investment by Port of Newcastle
opportunities identified in the Port
choice East Coast port. The privatisation into bulk handling equipment that will
Master Plan?
of the port has changed the way we be unlike any other Australian port. The
view ourselves as a business, and part The projects highlighted in the Port Master Newcastle Bulk Terminal will feature best
of that is recognising we need to be Plan include the Newcastle Container practice in safety and environmental
focussed on the entire supply chain and Terminal, the Newcastle Bulk Terminal, management, while also driving efficiency
how we can best work with customers an automotive and Ro-Ro hub and the and maximising trade growth. The old
and stakeholders to free up capacity Maritime Precinct in Carrington. We are unloaders are currently being dismantled
and lower costs. The port is already able and the new unloaders are due to arrive in
to accommodate a diverse trade base late 2019.
and we want to partner with customers
and stakeholders to grow and diversify Our vision is to Thinking long term and the future
disruption of the traditional automotive
in sustainable, profitable and innovative
ways.
become Australia’s supply chains, we are currently
investigating the establishment of
We have ambitious plans for the future of first-choice East a specialised niche automotive and
freight in regional NSW and the shortly to
be released Port Master Plan will be a key
Coast port. oversized Ro-Ro facility on our Mayfield
site.
12 I Summer 2018 I Across Borders4. PAUL ZALAI - Australian freight broader than Newcastle and the Hunter. The availability of portside land for new
is predicted the double in the It would unlock economic opportunities import warehousing and distribution
next 20-years. How will the Port in regional NSW and the northern areas is another area where we can reduce
accommodate the predicted increase of the State. It would grow and diversify double handling, avoid congestion issues
in trade? the Hunter’s economy, boosting jobs and and overall provide what we feel is an
business opportunities across the region. incredibly competitive supply chain for
Port of Newcastle has developed a import across NSW.
number of trade growth scenarios which We are proud to be the world’s largest
can be accommodated without the coal port but are also realistic about 7. PAUL ZALAI - Do you think a
need for substantial public investment or coal’s prospects in decades to come. It’s container terminal at Newcastle
additional infrastructure. important to think long term and that’s affects the proposed investments
why we are committed to pushing for the and planning associated with Port
Newcastle already has a significant development of a container terminal now Kembla?
competitive advantage as an underutilised to support the future diversification and
major deep-water seaport. A legacy of the One of the points we have made is that
growth of the Hunter’s economy.
old BHP Steelworks and our current coal this is a not zero-sum game. We are
industry infrastructure is that we already 6. PAUL ZALAI - Australian trade not trying to take a container terminal
have direct connectivity to the national is import-driven. I have a lot of from Port Kembla or Port Botany, which
rail and heavy vehicle road system that is members who are exporters who see together with the Port of Newcastle could
also underutilised. As a global gateway to enormous potential in a container port provide a competitive and efficient freight
regional and northern NSW, we are ready at Newcastle, but does the business network for Australian businesses. Our
to go. case stack up on imports? interest, and the wider public interest, is
to have the opportunity for a level playing
5. PAUL ZALAI - What does a Currently, 27% of New South Wales’ total
field to unlock productivity-enhancing
imports are already destined for the Port’s
container port at Newcastle mean competition.
catchment area. This is driven by the
to the people and businesses of the
population’s demand retail, manufactured
Hunter?
products and consumable goods. As the
The opportunities presented by a population of regional NSW grows, so will
Newcastle Container Terminal are far demand for containerised imports.
NEWCASTLE
CRUISE
TERMINAL
NEWCASTLE
BULK TERMINAL NEWCASTLE AIRPORT
RENEWABLE ENERGY
INFRASTRUCTURE
NEWCASTLE
CONTAINER
TERMINAL
BULK LIQUIDS
PRECINCT
PORT
MARITIME NEWCASTLE CITY
PRECINCT
VESSEL FOR
AUTOMOTIVE
AND RO-RO HUB
MASTER PLAN 2040
Port of Newcastle is the global gateway for NSW and will soon be releasing its Port Master Plan 2040.
The Port has an ambitious plan for the future of freight in regional NSW and the Master Plan will be a key
part of our conversation with customers and the wider logistics industry into the future.
Find out more
+61 2 4908 8200 www.portofnewcastle.com.au
trade@portofnewcastle.com.au linkedin/portofnewcastle
Summer 2018 I Across Borders I 13SHIPPING REFORMS
Fuel for thought
The introduction of new marine air The International Maritime Organisation, A study on the human health impacts
a United Nations body, has voluntarily of SOx emissions from ships, submitted
pollution regulations at the beginning adopted a policy of cutting air pollution to IMO’s Marine Environment Protection
of 2020 is aimed at cutting noxious from ships’ engines by 85% and since Committee in 2016 by Finland, estimated
sulphur oxide emissions by 85% but 2005 has been gradually reducing that by not reducing the SOx limit for
the shipping industry is conflicted the discharge of suphur oxides (SOx) ships from 2020, the air pollution from
over how best to meet their allowable under the MARPOL convention. ships would contribute to more than
From 1 January 2020 the level will be 570,000 additional premature deaths
obligations, as Dale Crisp* reports. cut to 0.50% m/m (mass by mass), from worldwide between 2020-2025.
3.50% m/m.
Shipowners and operators have two
Rather belatedly, it seems, most of main ways of meeting the 2020 SOx
the maritime world is only just coming requirement while continuing to trade
to terms with the implications and existing ships. They can continue to use
consequences of IMO 2020 and this HFO, but this requires the installation of
may explain why little has been done by exhaust filters called scrubbers, at a price
the industry to raise awareness amongst of around US$1 million per vessel. Or
customers. they can use low sulphur fuel (LSF) which
Yet the IMO 2020 Low Sulphur Fuel is both considerably more expensive than
changes are global, mandatory and HFO and in short supply.
unavoidable – and the cost will inevitably A third way is to introduce a completely
flow from sea freight right through the new power system, based on relatively
supply chain. cleaner and greener fuels such as
The background to this is that most ethanol, methanol or, more popularly,
ships use heavy fuel oil (HFO), which is liquefied natural gas (LNG, use of which
essentially the ‘rubbish’ that remains after means a massive reduction in greenhouse
crude oil has been refined into petrol, gas pollution: CO2 is cut by 30%, NOx by
diesel, avgas, etc. It’s dirty stuff and 95%, particulate matter also by 95%, and
burning it creates toxic emissions. SOx is virtually completely eliminated).
Low Sulphur
Fuel changes are
global, mandatory
and unavoidable –
and the cost will
inevitably flow from
sea freight right
through the supply
chain. Failure to reduce sulphur emissions could cost hundreds of thousands of
lives, a study found.
14 I Summer 2018 I Across BordersWhile it is possible to convert existing
ships to use of these fuels the economics
favour suitably-equipped newbuildings
allowing extra costs to be amortised over
the life of the ships.
Thus, looking to the long-term, Australia’s
SeaRoad Group equipped its end-2016
Bass Strait ro-ro Searoad Mersey II to
operate from the outset on LNG (although
due to equipment supply problems the
vessel presently uses marine diesel). Toll
Shipping’s two new freight ro-ros (2019)
and TT Line’s two new ro-paxes (2021),
all destined for the Bass Strait trade, will
also be ‘LNG ready’. In Australia, Bass Strait shipping operators are opting for LNG as the low-pollution
fuel of choice.
Elsewhere a new class of bulk carrier
now being delivered from Chinese yards
to Finland’s ESL Shipping is claimed and for storage of the scrubbing residue egg situation for LSF. Shipowners may
to be the world’s most eco-friendly: (which cannot be incinerated aboard and wish to switch fuels but is there sufficient
powered by LNG but also able to operate must be disposed of ashore)? quantity to meet demand and is it in
100% CO2-emission free on biogas. the right places? And at what price?
The flipside is the cost - €60 million – If the ship is one built since 1 January
For the producers, should they commit
compared to a typical handysize bulker 2016 (when Tier III NOx reduction
to expensive refinery upgrades and in
price of US$25 million (€22 million). requirements were applied) can the what centres? Will the price of LSF fall
scrubber be integrated with the existing as demand rises, and, conversely, will
Whichever way shipowners and selective catalytic reduction/exhaust the use of HFO slide if the demand for
operators choose to meet the new gas recirculation system? Can existing scrubbers reverses or, as some believe,
requirements, “going green” comes at a exhaust piping be used? Will the weight their longevity comes into question?
cost and this will have to be fairly shared. of the scrubber exceed 2% of the
vessel’s lightweight, requiring expensive The next question – and the most
Some owners are placing multiple bets.
tonnage re-certification and recalculation important as far as shippers are
For example, French container giant of centre of gravity/stability? concerned – is that of cost recovery.
CMA CGM, parent of Australia’s ANL,
More crucially, is the ship too old to justify To re-iterate, the new regulations are
is fitting scrubbers to a proportion of its
the price of installation? Some fear as global and mandatory, as of 1 January
boxboat fleet but others will operate on
realisation of the costs and practicalities 2020. As already noted, several crowded
LSF. At the same time, it currently has
dawns many shipowners, across all marine environments are already
under construction in China nine 24,000
categories, will walk away – causing a operating under more stringent air
TEU container ships which will be LNG-
massive potential shortage of seaborne pollution restrictions, including Emissions
powered.
capacity. Control Areas in northern Europe and
Germany’s Hapag-Lloyd “inherited” North America. More recently, as from 1
a number of LNG-ready ultra-large One of the crucial questions all October this year, China introduced new
container ships when it merged with shipowners are grappling with is that of regulations governing the key ports of
United Arab Shipping Company last year, sufficient, reliable supply of their preferred Shanghai and Ningbo.
but is only now taking tentative steps to fuel choice.
From late September 2018 major
activate just one of the 17, saying there When it comes to LNG, use of the fuel container lines, led by Maersk, began
is “still a lot of uncertainty” about supply. requires new and separate infrastructure announcing mechanisms and methods
Only one of the carrier’s operating fleet in the form of shore storage facilities, proposed for 2020 LSF cost-mitigation.
will have a scrubber installed next year – bunkering vessels, on-board tanks So far, these have largely lacked detail
and that only as a trial. and conversion equipment and so on. and transparency and, globally, shippers
Global number two Mediterranean Shipboard use has yet to reach critical have sought full justification – especially
Shipping Co has committed to installing mass, meaning that not only are capital as carriers plan to introduce these new
scrubbers on 120 of its 520 owned costs high but there are only a limited surcharges a year early (1 January 2019)
or long-term chartered ships whereas number of ports where supplies are to “assist in transition”.
number one, Maersk Line, like Hapag- available – and a defined number of
suppliers. Those in the bulk trades perhaps face the
Lloyd, has announced only limited trials.
biggest challenges. Many ships are either
For shipowners, “fitting a scrubber” is CMA CGM’s solution to this is a too small or too old to justify retrofitting.
a simple term that disguises a host of partnership with fellow French company Whereas container trades are dominated
challenges. Total, which will ensure LNG availability by large and powerful players, with the
in major European ports and elsewhere. ability to spread investments over large
Quite apart from the cost, there are a Key ports at either ends of major trade fleets and recover costs directly from
large number of technical and other
lanes are scrambling to offer supplies customers (of which more later!) there are
considerations: Open loop, closed loop
and appropriate facilities but it seems literally thousands of small operators in
or hybrid? Individual scrubber for each
certain there will be limited options for the wet and dry bulk business.
engine/boiler or combined system?
shipowners for several years to come.
Is sufficient room available and/in an Even the big bulk players are hedging
appropriate location for the scrubber unit, Then we come to a similar chicken-and- their bets, with some opting to fit
Summer 2018 I Across Borders I 15SHIPPING REFORMS
scrubbers to vessels under long term recovered and burdens shared. This is a with the container sector accounting
contracts or those in larger size ranges, complex and potentially fraught issue that for $15 billion of that. Nevertheless, the
such as ultramaxes and above. But there will require careful and vigilant monitoring, industry maintains it is the right thing to
are reports major customers are already as outlined elsewhere in this publication. do.
seeking “freight benefits” from scrubber- A recent study by industry analysts
But shippers and traders, importers and
equipped vessels, whereas the owners Drewry found that 56% of respondents do
exporters, freight forwarders and supply
want to recoup the installation cost. not believe that the current methods of
chain members take note right now: you
fuel cost recovery are “sufficiently fair and
In some cases, cargo interests, especially will pay a share, one way or another.
transparent”.
agribusinesses, have agreed to co-invest
in or underwrite scrubber installations in Meanwhile, the overwhelming issue for
preferred owners’ bulk carrier fleets to the industry is its practical ability to meet
ensure continuity of unrestricted capacity the 2020 deadline.
to trade worldwide. Informed estimates are that, at best,
Under a somewhat similar arrangement only 5% of the world’s merchant fleet (c.
– and one that perhaps illustrates bottom- 4,000 of 94,000) can /will have scrubbers
line costs – South Korea’s HMM (formerly installed by then – meaning, with the
known as Hyundai Merchant Marine) will exception of those fitted for alternative
pay Greek shipowner Capital Product fuels, the vast majority of ships will have
Partners an additional US$4,900 in daily to use LSF to be compliant.
hire to cover scrubber installation on each The IMO has, so far, resolutely resisted
of five 5000 TEU containerships; this all attempts to delay, defer or diffuse the
translates to an additional US$9 million implementation of the tighter sulphur
per ship in ‘scrubber premium’ over the cap despite the counter-efforts of
course of charters that run until 2025. several major countries, most notably
the Trump-led United States. The policy
The Australian Peak Shippers Association
was comprehensively re-affirmed in early
(APSA) and the Freight & Trade Alliance
November.
(FTA) are urging members to seek *Shipping writer Dale Crisp also provides
information from their shipping/service The estimated total cost of IMO 2020 to FTA/APSA with communication and
providers about just how costs will be shipping is in the order of US$60 billion, content advice.
Improve your financial
performance in leaps and
bounds
Family Office. Bringing you advantageous financial
solutions, whatever stage of your financial life cycle. CLIENT
Through your primary adviser you will gain access to a team of
dedicated specialists. Streamlining all of your financial affairs has
never been smarter, easier or more cost effective for families
and businesses.
Contact us today to learn more about our new Family Office service.
Tel 1300 856 065
www.crowehorwath.com.au/family-office
Audit | Tax | Advisory | Financial Advice
16 I Summer 2018 I Across BordersManaging transition –
Tasmania’s emerging challenges
and opportunities
By BRETT CHARLTON, Chairman, Tasmanian Logistics Committee
I have a theory that I have been considering planet earth is being met with an alien sigh ability to carry current volumes through the
for some time. somewhere in the universe. reduced wharf operational footprint (some
say the capacity is down approx. 25%
I have voiced it on occasion to some clever Tasmania is thriving at the moment.
presently). This is suggested to ease as
folk in our industry and they have nodded
It is truly the best place to live on planet earth we get closer to that mythical time of year
sagely at my ramblings - although I do not
(me…biased…surely you jest). That said, where everything becomes urgent (bloody
discount the fact that they could be just being
we have some challenges coming up and Santa), but in January there will be a need to
polite, I am taking the position that they are of
those reading this article need to be on top of move operations from the current location in
the same mind.
their logistics game for the next three to four Burnie (for Tolls) for a period of three weeks
My theory is that we are in a period of months. (suggested) and it has not been advised as
transition. I believe that this transition (and of yet as to how this will work (suggestions
course we are always in a state of transition As most would already know, the tonnage of redeployment to Devonport for night
- I know that) is the grey area between the over Bass Strait is getting an injection of operations, Bell Bay and also alternative
old school method of human networks confidence from Toll’s with two new vessels berthing in Burnie have been rumoured).
and reliance on knowledge to facilitate an being deployed to the trade and increasing
the capacity of Bass Strait considerably. January will be a tough gig for traders and
outcome as opposed to reliance on a pre-
When these vessels arrive and begin their logistics operators alike in Tasmania and with
determined and steadfast process to be the
operations, Tasmania will be sitting in a very a booming tourism and agricultural world,
driver of the outcome. Whilst in a perfect
enviable position of having ample capacity this peak season challenge should be on the
world the processes are what makes for a
for the next ten years at least (especially post minds of most (of course, I am very happy to
seamless outcome (think landing a probe on
the Searoad investment of one vessel and the be wrong - but suggest planning for the worst
an asteroid hurtling through space), it would
advice of a second vessel pending coupled at this stage).
appear that some of the processes are flawed
with the announcement of two new TT Line
(think an exploding rocket carrying supplies to Finally, we look forward to again working with
vessels) - anyone looking for a successful
the space station). the Australian Peak Shippers Association
coastal shipping story?
(APSA) and Freight & Trade Alliance (FTA)
My main concern is that the ability for human
That said however, works at Webb Dock in hosting the 2019 Tasmanian Freight &
knowledge and networks to remedy a
and Burnie wharf are being undertaken Logistics Forum – details are soon to be
situation is eroding as a generation is coming
to accommodate the increased size of released – a great way to visit the best place
through being fed the “follow the process”
the vessels and presently traders are on earth and stay at the cutting edge of
doctrine. How many times have you heard
experiencing capacity issues due to the logistics reform.
the line “Unfortunately the system does not
allow for me to do that”. At the moment,
at least in my age group, there is a grid of
people around the world that can step in
and assist in applying a common-sense
outcome to some issues, but again - this is
becoming more and more difficult to navigate
as the reigns of corporate, compliance and
accountability strangle the productivity of
industry.
Don’t get me wrong though - I can see the
benefits of process and if it is set up right
the first time then the landing of a probe on
an asteroid can be extremely satisfying….
but at the moment I expect that there
would be demurrage and detention charges
automatically being sent to alien enterprises
dot com because someone didn’t log the
landing date correctly and no matter how
many times they try to communicate with
the earth NASA accounts department to
fix the issue, the automatic reply stating
how important their communication is with Delegates at the 2018 Tasmanian Freight & Logistics Forum
Summer 2018 I Across Borders I 17SHIPPING REFORMS
General Average – Oh
So Misunderstood!
By CHRIS DENT, Director, TT Club
While the concept of General More seriously and on a global scale, the cover the total value of the sacrifice or
tragic casualty of Maersk Honam has been expenditure. This process, inevitably, takes
Average (GA) is widely recognised well reported; the sad fact that damaging a long time, typically several years.
and as old as maritime transport container accidents are all too frequent,
In order to ensure that payment will be
itself, it is also a commonly and the consequences far-reaching. It
received, the Adjuster requires each
is timely therefore, particularly for the
misunderstood process. This understanding of shippers and freight party interested in the voyage, including
principle of maritime law forwarders, to explain the dynamics of, and all owners of the cargo, to provide a GA
bond as security. Since this is done at the
governs the process by which risks associated with General Average.
outset, before the full value of the sacrifice
all stakeholders in a particular Here, TT Club, as the leading international and expenditure is known, the Adjuster
voyage share losses resulting transport and logistics insurer, does just will necessarily estimate. A GA bond is a
that. promise to pay whatever contribution is
from actions taken in an
A GA event is defined in the internationally assessed, backed up by a GA guarantee
emergency. Incidents that might from a bank or insurance company.
agreed convention known as the York-
be fresh in the reader’s mind Antwerp Rules as “when, and only when, Alongside this, the Adjuster will request
are the YM Efficiency container any extraordinary sacrifice or expenditure landed values of carrying equipment,
is intentionally and reasonably made and Bills of Lading as well as commercial
stack collapse in Botany Bay last invoices detailing CIF1 values for cargo in
or incurred for the common safety for
June and the APL Los Angeles, the purpose of preserving from peril the order to work out the contributions for all
grounded in Fuzhou (China) property involved in a common maritime interested parties.
in September with Australian adventure”. All container ship voyages are GA bond and guarantee documentation
classed as a common maritime adventure. is distributed by the Adjuster to all
interest cargo on-board. A GA sacrifice might be jettisoning cargo known interested parties. Where a freight
to enable a grounded ship to refloat. forwarder/NVOC2 is identified on the
Employment of salvage tugs where the ship ocean Bill of Lading, it is likely that this
suffers an engine breakdown could also be documentation, effectively intended for
GA expenditure. cargo interests, will be received by the
Whilst the combined cargo value will often forwarder; it should be sent on to the
proportionally hold greater value than the cargo interests at the earliest opportunity.
ship itself, it is the Master technically who It is recommended a proof of postage/
generally declares GA; inevitably, the Master email receipt is retained, in the event
is the one trying to minimise the peril that is of future dispute. Commercially, it can
threatening the maritime adventure. prove beneficial for the forwarder/NVOC
to maintain close contact with the cargo
Consequently, once GA is declared, customers to ensure the requirements
the ship interests appoint the “Average are understood, and the necessary
Adjuster”, who thereafter operates documentation completed and returned.
independently and on behalf of all parties.
The Adjuster will compile the total value of Of course, the client of the freight
the allowable sacrifice and expenditure, and forwarder/NVOC may no longer be the
establish the total value of the assets of all cargo owner, under the terms of the sale
the interested parties that has been saved. contract, and therefore the documents
Such assets include not just the ship and will need passing on to his customer – the
cargo, but also bunkers and stores, as well buyer or consignee.
as containers and related equipment.
Where the cargo is insured, standard
Contributory values are calculated marine policies should cover the costs of
against the net value of all the assets GA contributions and the insurer will take
at the termination of the voyage. The over dealing with the Adjuster. Where a
GA contributions from each stakeholder consignment is uninsured or the Adjuster
together provide sufficient funds to is uncertain about the security being
18 I Summer 2018 I Across BordersYou can also read