News / TT Club warns forwarders and transport firms of increased risks of operating in Russia

05/12/2016

Transport firms operating in Russia have been warned to carry out thorough risk reviews and seek insurance that goes beyond just cargo protection amidst signs of market recovery.

In St Petersburg last week, Alexander Petrenko, deputy director of TT Club’s Russian partner Panditrans, told the TransBaltic conference that alongside claims for loss and damaged cargo, operators could be liable for financial losses through errors and omissions, as well as third-party liabilities, and fines and duties imposed by state authorities.

“Our 25-year-plus experience in ...