BOW WAVE 376

Bow Wave Issue 376--Chilly London Edition

news and views on trade, insurance and risk

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Wavy Line	sam@wavyline.com
(c)2007 WavyLine.com	Issue No 376 04 Feb 07
Published free of charge to Readers
Editor: Sam Ignarski
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In this issue:

1. Welcome
2. Making Waves with Stolen Diggers and Stolen Degas
3. Updates on the MSC Napoli
4. Designated Persons Insurance
5. Climate Change Report
6. And Finally...

1. Welcome

Poem of the Week

secret

She just wants to know your secret.
She won't tell if you've had an affair,
or your face lifted, or when you last made
love. She won't tell if you're pilfering
from the office, or gambling when you're
supposed to be at the hospital visiting
your mother, or what you would do
for money. Strangers tell her the most
unlikely things, and she never repeats
them. Once, a woman told her she
carried a gun. Silver with a mother-of
pearl inlay on the handle, a little jewel.
She opened her purse, and the gun
rested in its own velvet pocket, ready and
dangerous. Like every secret.

Beverly Rollwagen, from She Just Wants

New Readers this week include:-

Les Rout of QBE
M Mogan, Claims Negotiator for AIG South Africa
Michael Slavid of FB Brokerage in Brussels
Ron Crean of AIS Live
Andy Read of Tradewinds
John Hansford of brokers Besso
Librarian Teresita O'Shea of Axco Insurance Info Services Dr. Ulrich Welke of Bremen University
Capt. Rajesh Raman of Star Maritime in Singapore Carly Richardson of Chubb Insurance in Sydney

News of Readers

Ed Ion's Helix Media company has joined forces with Jess Lewis' Admiralty Associates/C3 to provide public response services in connection with major casualties.

Contact Ed at:-

edward.ion@helixmedia.com.sg

Readers Write

From Ms Sophie Ignarski

Re your last publication, the spelling fairy says to tell you that she thinks 'Manhattan' edition, not Manhatten...

Hahaha..

Note from the Editor

Greetings from a chilly London.

Enjoy!

2. Making Waves with Stolen Diggers and Stolen Degas

Tim Purbrick writes:-

Both plant and equipment (construction and agricultural) and art and antiques trade globally. Not surprisingly the undercurrent to this legitimate trade is the global trade in stolen equipment and stolen art. To give this some scale, in the UK alone around £1M of plant and equipment is stolen every week, and around £2.5BN of art is stolen annually across the world. Criminals conduct this trade because it generates monies which fund not only their other serious organised criminal activities, for example drugs and human trafficking, but also terrorism. And this in turn raises the old, and current, chestnut of the dilemma between free trade versus security and the denial of freedom of movement for international criminality.

In order to conduct the trade in stolen property criminals co-opt, most often, innocent freight forwarders, shippers and insurers to facilitate their operations. The weight of traffic, particularly through container and ferry ports, means even the most basic security checks on commercial cross-border movements are near zero. However, the experience of The National Plant & Equipment Register (TER) and the Art Loss Register (ALR), companies which keep vast databases of stolen equipment and art and work with the various industries and law enforcement to identify and recover stolen property, would indicate that a combined effort by commerce and law enforcement would significantly disrupt these criminal activities, recover stolen property, and generate intelligence for further operations. For example, before providing cover for the movement of an £18M picture a marine insurer checked it with the ALR. It was matched as stolen and, after much negotiation, was recovered for its owner and this led to the recovery of a further £1M of stolen pictures. Please see below for some pointers and contact details.

What can you do?

Marine and Cargo insurers
Ensure that both you and the insured checks property with ALR or TER prior to shipment, esp. high value art and equipment

Hauliers/Freight Forwarders/Ports/Shippers
Check plant with TER and art with the ALR before you move it or ship it

What to look out for, in addition to the usual indicators:-

Commercial stolen property indicators
No or poor paperwork to support property movement and/or ownership
Paperwork and cargo do not match
Don’t know customer
Customer pays cash
No address and/or few customer contact details
Weight of cargo does not equate with property specified on paperwork

Contacts

The National Plant & Equipment Register (TER)
Email: info@ter-europe.org
Web: http://www.ter-europe.org

The Art Loss Register (ALR)
Email: artloss@artloss.com
Web: http://www.artloss.com

3. Updates on the MSC Napoli

John Clandillon-Baker,the editor of The Pilot magazine, writes:-

Thanks for this latest interesting issue of Bow Wave (Issue 375). I note the articles on the MSC Napoli. It may be of interest to your readers that the MCA are placing regular updates regarding the salvage on their website at the following link:-

http://www.mcga.gov.uk/c4mca/mcga-newsroom/incident.htm

4. Designated Persons Insurance

Who would have thought these many years later that the legal position of the designated person under the ISM Code is still hedged with uncertainty. The ITS weblog addresses the subject and tries to make the market aware that you can in fact insure this risk as a kind of professional negligence risk at quite reasonable rates. See the item at:-

http://www.its-insurance.com

5. Climate Change Report

If like your editor you are loath to rely heavily on the efforts of daily journalists in understanding the implications of climate change on the international economy, then this well thought through "major theme" report sent in via Charles de Trenck makes a more substantial impression.

Read the report at:-

https://www.citigroupgeo.com/pdf/SNA00862.pdf

6. And Finally...

Many thanks to David Frugtniet for these groaningly awful propositions

So Batman came up to me & he hit me over the head with a vase & he went T'PAU! I said "Don't you mean KAPOW?? He said "No, I've got china in my hand."

You invented Tipp Ex, correct me if I'm wrong.

I'm so lazy I've got a smoke alarm with a snooze button.

I bought some Armageddon cheese today, and it said on the packet 'Best Before End'

So I went to buy a watch, and the man in the shop said "Analogue." I said "No, just a watch."

I went into a shop and I said, "Can someone sell me a kettle." The bloke said "Kenwood" I said, "Where is he?"

So I went in to a pet shop. I said, "Can I buy a goldfish?" The guy said, "Do you want an aquarium?" I said, "I don't care what star sign it is."

I was in this restaurant and I asked for something herby. They gave me a Volkswagen with no driver.

My mate is in love with two schoolbags. He's bisatchel.

I went to the doctor. I said to him "I'm frightened of lapels." He said, "You've got cholera."

So I met the bloke who invented crosswords today. I can't remember his name, it's P something T something R.

I was reading this book today, The History Of Glue, and I couldn't put it down.

I phoned the local ramblers club today, and this bloke just went on and on.

My mate asked me "What do you think of voluntary work?? I said "I wouldn't do it if you paid me."

So I was in the jungle and there was this monkey with a tin opener. I said, "You don't need a tin opener to peel a banana." He said, "No, this is for the custard."

This policeman came up to me with a pencil and a piece of very thin paper. He said, "I want you to trace someone for me."

So this lorry full of tortoises collided with a van full of terrapins. It was a turtle disaster.

So I told my girlfriend I had a job in a bowling alley. She said "Tenpin?" I said, "No, it's a permanent job."

So I told my mum that I'd opened a theatre. She said, "Are you having me on?" I said, "Well I'll give you an audition, but I'm not promising you anything."

I phoned the local builders today, I said to them "Can I have a skip outside my house?" He said, "I'm not stopping you!"

So this cowboy walks in to a German car showroom and he says "Audi!"

So I fancied a game of darts with my mate. He said, "Nearest the bull goes first" He went "Baah" and I went "Moo" He said "You're closest"

So I met this bloke with a didgeridoo and he was playing Dancing Queen on it. I thought that's Aboriginal.

I was driving up the motorway and my boss phoned me and he told me I'd been promoted. I was so shocked I swerved the car. He phoned me again to say I'd been promoted even higher and I swerved again. He then made me managing director & I went right off into a tree. The police came and asked me what had
happened. I said "I careered off the road"

I visited the offices of the RSPCA today. You
couldn't swing a cat in there.

I was stealing things in the supermarket today while balanced on the shoulders of vampires. I was charged with shoplifting on three counts.

I bought a train ticket and the driver said "Eurostar" I said "Well I've been on telly but I'm no Dean Martin.

I phoned the local gym and I asked if they could teach me how to do the splits. He said, "How flexible are you?" I said, "I can't make Tuesdays or Thursdays."

So I went to the local video shop and I said, "Can I take out The Elephant Man?" He said, "He's not your type." I said "How about Batman Forever?" He said, "No, you'll have to bring it back tomorrow"

P.S. From Frazer Hunt

A Mexican visiting the United States goes into a store to buy a pair of socks. He speaks no English and the clerk doesn't know a word of Spanish.

Through pantomime, the Mexican tries to explain what he needs, without much success.

The clerk brings out shoes, then tries sneakers, then slippers, then laces, all to no avail.

Finally, he brings out a pair of socks and the Mexican exclaims, "Eso si que es!"

Says the exasperated clerk, "Well, for crying out loud. If you could spell it, why didn't you say so in the first place"?

BOW WAVE is published each week to over 14 000 Readers in the transport,insurance,shipping and finance industries.

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