Risk Managment
Risk management is an integral part of the strategic management of all T&C Group’s branches.
Processes are in place in order to address tangible and intangible risks according to the Italian Law in force.
Processes are continuously improved and adjusted through courses, practice and audit made by internal and external auditors.
Identify Risk
-Forex Risk
-Cash security risk
-Bureaucracy vessel delay or crew member held up
Analyze risks
-Documentation fallacies
-Security breaches
-Geopolitic and currency fluctuations
Monitor
-Regulations
-Currency market
-Local situation and financial management.
Plan Risk
-Port Agency
-C2M (Cash to Master)
- SPOR (Single point of Remittance)
Our Timeline
Pre Arrival
Provide pre arrival information
Provide/validate estimated port disbursement
ETA Update
Cargo Readiness
Inform local parties
Husbandry Requirements
Waste management
Berthing prospect/line-up
Length of port stay
Prefunding local agent
01
In Port
Arrival message
Commence of cargo operation
Berth movement
Daily reports on cargo
Services delivered
Bunker status & activity
Delays / stoppages
Vendor payments
02
Post Sailing
Departure message with details
Bill of Lading details
Statement of Facts
Recap of services
ETA next port
Provide / validate Final DA
Settle port agents payments
Monitoring DA turnaround
Vendor Surveillance
03
Vendor management
Under the Italian Navigation Code and Italian Law 84/94, technical nautical services (Pilots, tugs, lineman, fireguard etc.) are under the responsibility of the Maritime Authority (Capitaneria di Porto)
Best Practice
In order to ensure total compliance to all the regulations T&C Group procedures envisage to:
Check each disbursement account under the relevant tariff in force;
Check that all the vendors responds positively and accurately in terms of compliance and ethics;
Check that all the activities and items respond to the T&C Group common requirements and best practices;
