Posted on 07/03/2012 in category Non-Ferrous

BIR World Mirror on Non-Ferrous Metals - March 2012

Information greatly received

In a recent email to our members, as well as a news release on our website, BIR has advised its membership of a troublesome and ongoing issue with theft from containers bound for ports in the south of China. While this problem is not new, thefts are seemingly on the increase and the commercial ramifications are beginning to take hold.

We have heard in the past few weeks that insurance companies are reluctant to issue cargo insurance or are threatening to increase rates to the region. Some suppliers are avoiding sales, opting for other Chinese destinations, or indeed for other parts of the world.

BIR has asked that members document cases where shortages appear to be the result of theft so it can be determined if the situation is as widespread as thought. We are working with the International Chamber of Commerce and its criminal investigation units to help our members understand the situation and hopefully find a solution, through interventions on

behalf of our members to: shipping and insurance providers; police forces; and the trade units of various governments.

We can’t do this alone, and BIR encourages you to provide information on a strictly confidential basis (...)

Robert Stein
Alter Trading (USA)
President of the BIR Non-Ferrous Metals Division
27th February 2012

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