BOW WAVE 177

Spring Edition

news and views on trade, insurance and risk

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Wavy Line	sam@wavyline.com
(c)2003 WavyLine.com	Issue No 177 14 Apr 03
Published free of charge to Readers
Editor: Sam Ignarski
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In this issue:

1. Welcome
2. ISPS Code
3. Roger Foord
4. The 24 Hour Rule
5. Shipping's Big Man
6. And Finally...

1. Welcome

From the latest edition of the Arbitrator:

The Benefit of Going to LAW

Two Beggars traveling along,
One blind, the other lame,
Picked up an Oyster on the Way
To which they both laid claim:
The matter rose so high, that they
Resolved to go to Law,
As often richer Fools have done,
Who quarrel for a Straw.
A Lawyer took it straight in hand,
Who knew his Business was,
To mind nor one nor the other side,
But make the best of the Cause;
As always in the Law's the Case:
So he his Judgment gave,
And Lawyer-like he thus resolved
What each of them should have;
Blind Plaintiff, lame Defendant, share
The Friendly Laws impartial Care,
A Shell for him, a Shell for thee,
The Middle is the Lawyer's Fee.

[Richard Saunders, aka Benjamin Franklin, in Poor Richard’s Almanack - 1733]

http://www.smany.org

New Readers this week include:

Ex TT Hong Kong Underwriter and now Richards Butler lawyer Catherine Wong
Ramona C King of the TriCity Brokerage in San Francisco American Graphical Designer David Tobin
Solicitor Marion Gill,Consultant to A.D. Brown & Co George P. Hassapis, General Counsel to Golden Eagle Express Inc.

News of Readers

Janny Kok, Rotterdam port and news maven has been laid up with eye trouble recently but she is full of energy and out and about following her enthusiasms. Check out her updated website at:

http://www.xs4all.nl/~jannykok

Contact her at:

jannykok@xs4all.nl

Dianna Kempe, QC, JP has retired from Appleby Spurling & Kempe in Bermuda.

Contact her at:

dkempe@logic.bm

Former Radio Officer Bobby Khan has sent word of progress of her charity GreenSeas Trust:

The non-profit charity, which has been operational in Tobago for less than six weeks, has spearheaded its "Litter kills Marine Life" campaign with the placement of 16 rubbish bins along five of Tobago's public beaches.

The bins have been placed in the northwestern and southwestern region of the island from Mt Irvine Bay to the Lowlands, specifically Swallows Beach, lower Grafton Beach, Turtle Beach, Grange Bay and Lowlands Beach, all of which are popular with visiting tourists and as well as the local population

Contact her (and send a donation) at:

khanbobby@yahoo.com

Readers Write:

X S Hencker writes:

Following the comments on the Swiss Re building and the London city hall, your Readers may wish to make a note in their diaries for the weekend of 20/21 September, when they will have the chance to inspect the merits of the latter building.

This is the London Open House weekend, when many buildings, not normally open to the hoi polloi, are opened up to public gaze. Details of the weekend are published on the link below although the full list of buildings will not be available until early in September. It is not yet clear whether the Swiss Re "erotic gherkin" will be open to the public then.

Buildings with a maritime/insurance background open last year included the ultra-modern Lloyd's Register of Shipping, Lloyd's, Trinity House, the gorgeously restored 18th century Long Room at Customs House and the Painted Hall of the Royal Naval Hospital at Greenwich.

Not only does this give you a chance to see the inside of many buildings which are normally closed to the public -- including such delights as the 12th century Westminster Hall and the Victorian imperial splendour of the Foreign & Commonwealth Office -- but many of the owners also put on displays relating to their organisations. Well worth a day out!

See the plans at:

http://www.londonopenhouse.org/

This Issue comes to you from a bright spring day on the Isle of Wight.

Enjoy.

2. ISPS Code

We have been wondering lately which of our Readers involved in the port/terminal and.stevedoring sectors has made plans to anticipating the new security rules which will be entering effect on July 01, 2004? By then each country and port will need to be in compliance. Are we right in thinking that many have yet to begin?

3. Roger Foord

Gerry Whitmarsh writes:

I wonder if your Readers know Roger Foord? He is a very well known figure in the London insurance market ["character" might be more accurate!] and also writes a regular email newsletter relating to Lloyds insurance.

Visit his site at:

http://www.rogerfoord.com/

4. The 24 Hour Rule

Our colleagues in Avalon Risk Management, the transportation and bond specialists based in Rolling Fields Illinois have published some useful guidance in their newsletter Quest:

24-HOUR RULE ENFORCEMENT

Last October, Customs (now the Bureau of Customs and Border Protection) issued the "24-hour rule" requiring ocean cargo manifest information be received by the government at least 24 hours in advance of loading cargo at the foreign port. Enforcement of the rule began February 2, 2003, with initial enforcement efforts focused only on the cargo description field. On April 4, 2003, Commissioner Bonner announced the next phases for enforcement.

(IMPORTANT NOTE: This enforcement activity relates only to the 24-hour rule for inbound ocean shipments. Other modes will be subject to regulations under the Trade Act of 2002 which will be issued this autumn.)

Beginning May 4, 2003, enforcement activity will be expanded to include the following:

a. Parties making untimely data submissions will be subject to penalties. Customs will conduct post-departure audits to review whether the requisite 24-hour notice was provided. Although the rule requires notice be received 24 hours prior to loading, the audits may measure the time period prior to departure when the exact time of loading cannot be established. Customs plans to assess penalties up to $5,000 per violation, i.e., for each AMS transmission found to be untimely. The penalties will be assessed against the party making the transmission.

Beginning May 15, 2003, Customs will expand enforcement activity to the following:

b. Submissions with inadequate consignee information will trigger "DO NOT LOAD" orders. The consignee field must include a name and address. Blanks or "to order" submissions without any further identification of the consignee will be inadequate.

c. Parties submitting inadequate cargo descriptions for Freight Remaining On Board ("FROB") will be subject to penalties just like any other cargo. Thus far, Customs has not initiated any enforcement action relating to FROB shipments.

24-Hour Rule Complications

The 24-hour rule has had a negative impact on the movement of a container at the Port of Los Angeles-Long Beach. A container used to move every 11 seconds, 24 hours a day, seven days a week. But since the 24-hour advance manifest ruling, it now takes 5 to 7 days to move a container, on average.

U.S. Customs officials hope that recent changes to the B04 record, a line of data in AMS, will alleviate problems getting cargo released. The changes will allow NVOs and vessel operators to coordinate records, data to be agreed upon, that each has filed in AMS.

See their site at:

http://www.avalonrisk.com

5. Shipping's Big Man

Fairplay's managing editor, Paul Gunton, told us a few weeks ago of his plans to hold a poll to find the most influential person in shipping over the past 120 years. Thanks to feedback from Bow Wave readers and his own network of correspondents, he has compiled a shortlist of 20 names who have a claim on the title. You can take part in the vote by going to the website and following the instructions. And if you don't like any of them, you can offer Paul your own choice.

He is also looking for nominations for someone as 'the one to watch' in the years ahead; you can even nominate yourself!

The results will appear in a special supplement to be published with Fairplay's May 22 issue. Paul says that one name is already emerging as a leading contender, but he isn't saying who that is. So make your vote count!

Cast your vote at:

http://www.fairplay.co.uk/poll

6. And Finally.....

Many thanks to marine surveyor and e-zine publisher Mike Wall in Hong Kong for this Scouse (Liverpool) poetry

To Daffodils (With apologies to William Wordsworth)

I wondered dozy with me cart
Up Brownlow hill to take me wealt
When of a sudden I seen a Tart
Daralmost made me eyeballs melt

Hey Girl, come be my bird
Me throat went dry like at the word
What other bird could make shiver with delight
Wharother fella wouldn't go all green with envy at the sight.

Jet white of hair, with orange gob
Green eylids, cheeks a rosy blob.
More really sexy she could look
Dan pictures in a drawrin' book

And as she walked
'Er 'ips were rockin'
Me heart was poundin'
Somethin' shockin'

And as I looked, Oh wharr a twit.
It surely learned me didn'it
For while this judy stole me heart
Some other bugger robbed me cart!

BOW WAVE is published each week to around 7550 Readers in the transport,insurance,shipping and finance industries.

Thanks for reading BOW WAVE