TT Club has marked its 50th anniversary, and commemorated 25 years of working relations with Russian insurance company Panditrans.
After becoming TT Club’s representative organisation in Russia and other Baltic nations in 1993, Panditrans contributed to the steadily increasing importance of container shipping to Russian trade.
With offices in Moscow, Russia and Odessa, Ukraine, Panditrans serves shipping lines, ports and terminal operators in the region.
As a centre of trade, Russia faces challenges when it comes to efficient freight traffic, with customs clearance errors often resulting in the confiscation of goods, and the presence of uninsured subcontractors still a recurring problem.
Additionally, the sub-standard quality of road and rail infrastructure in this region also poses difficulties, increasing the risk of damage to cargo and other transport assets.
Throughout the partnership with TT Club, Panditrans has handled more than 20,000 claims.
It has aided in the correct identification of insurance options, resulting in many successful claim investigations.
Laurence Jones, of TT Club, discusses the heightened risk of ship berthing incidents in a recent Port Technology technical paper
Kevin King, TT Club’s Regional Director for EMEA, said: “I’m very pleased to say that Panditrans has, by partnering with the Club for the past twenty-five years, provided that expertise.
“I hope that TT Club Members will benefit from our partner’s guidance in a challenging political, economic and legislative environment for a long time to come.”
Kirill Berezov, Managing Director of Panditrans, also commented: “We are proud of our long and successful history with TT Club.
“Senior figures from both global carriers and forwarders, as well as Russian transport companies, ports, and rail and road operators, have supported us.”