Year: 2016 Language: english Author: The American Club Genre: Guide Format: PDF Quality: eBook Pages count: 100 Description: Steel production has been at the core of industrial societies from the mid-19th century and into the 21st century. The industrial revolution has led to an exponential growth in global steel production from 189 million tonnes in 1950, to a peak of 1,621 million tonnes in 2014. In 2015, approximately 464 million tonnes of finished and semi-finished steel products were sent for export, the highest volume ever exported representing 31% of all steel produced that year. As these trade figures demonstrate, steel and steel products continue to be key commodities of today’s global economy. The importation and exportation of steel cargoes are needed to fuel economic growth. The shipping industry, of course, plays a central and pivotal role in safely and efficiently transporting steel cargoes around the world to meet the import and export needs of industrialized nations and emerging markets alike. Cargo claims have comprised, on average, about 25% of the American Club’s total claims exposure and, since 2002; steel cargo claims make up approximately 10% of this category. In 2002, the American Club took its first major step in the context of steel cargoes when it began sharing the costs of precautionary steel pre-load cargo surveys with its Membership and set forth extensive recommendations for conducting precautionary surveys of certain steel cargoes to minimize the prospect of spurious steel cargo claims.
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Transport Guidance for Steel Cargoes
Language: english
Author: The American Club
Genre: Guide
Format: PDF
Quality: eBook
Pages count: 100
Description: Steel production has been at the core of industrial societies from the mid-19th century and into the 21st century. The
industrial revolution has led to an exponential growth in global steel production from 189 million tonnes in 1950, to a
peak of 1,621 million tonnes in 2014. In 2015, approximately 464 million tonnes of finished and semi-finished steel
products were sent for export, the highest volume ever exported representing 31% of all steel produced that year.
As these trade figures demonstrate, steel and steel products continue to be key commodities of today’s global economy.
The importation and exportation of steel cargoes are needed to fuel economic growth. The shipping industry, of course,
plays a central and pivotal role in safely and efficiently transporting steel cargoes around the world to meet the import
and export needs of industrialized nations and emerging markets alike.
Cargo claims have comprised, on average, about 25% of the American Club’s total claims exposure and, since 2002; steel
cargo claims make up approximately 10% of this category. In 2002, the American Club took its first major step in the
context of steel cargoes when it began sharing the costs of precautionary steel pre-load cargo surveys with its Membership
and set forth extensive recommendations for conducting precautionary surveys of certain steel cargoes to minimize
the prospect of spurious steel cargo claims.
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