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BY MONICA DOBIE
THE INSURANCE industry is being warned by the International Chamber of Commerce’s Commercial Crime Bureau (CCB) to be suspicious of documents promoting policies using the good name of the ICC.

Fraudsters are mentioning a fake standard called the “Modified Insurance Guarantee ICC 4081,” used in fraudulent documents relating to bank guarantees and letters of credit to add credibility to fictitious policies and high yield investment schemes.…

BY KEITH NUTHALL
THE COUNCIL of the International Civil Aviation Organisation has agreed to set up a non-profit service, offering airports, ground handlers and airlines third-party war risk liability insurance cover from US$50 million per insured, should the commercial market continue to withdraw such protection.…

BTY MARK ROWE
THERE is a clear moral argument that individuals and companies should nurture the Earth’s precious resources. But such a stance also makes profound economic sense since it reduces a company’s waste and improves efficiency. This is particularly the case for a tobacco company where every stage of the production, distribution and consumption of tobacco products has environmental implications.…

Keith Nuthall
AIRPORTS Council International (ACI) Europe has accused European Union Member States of dragging their feet over the implementation of the EU’s airport security plan, involving the implementation of recommendations outlined in ECAC (European Civil Aviation Conference) Document 30. ACI Europe Director General Philippe Hamon called on governments to release money to pay for the reforms.…

BY SWINEETHA DIAS WICKRAMANAYAKA
MACAO International Airport cargo volumes increased 40

percent year-on-year to 22,171 tons in the first quarter of 2002, while passenger numbers rose more than 15 percent to 953,097. Macao has been benefiting from its key position as a hub for traffic between mainland China and Taiwan, the Shipping & Trade News has reported.…

BY MONICA DOBIE
A HIJACKED tanker ship was recently retrieved for its rightful owners in a joint effort by the International Maritime Bureau and Thai marine police. The “Han Wei” disappeared two days after leaving Singapore in March containing 1,950 metric tonnes of gas oil bound for Yangon, (Rangoon), Myanmar.…

BY MARK ROWE
LAUNCHED in America in 1954, Kent is now sold in more than 70 countries and remains the pioneer of the micronite filter. BAT’s premier free-standing lights brand has been earmarked to add competency to BAT’s portfolio in the premium, lights and Adult Smokers Under the Age of 30 (ASU30) segment of the market.…

BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation of the World Bank has announced that it is investing US$100 million in Coumbian insurance and finance company the Suramericana Group; the investment is one of the most comprehensive projects ever undertaken by the IFC in Latin America.…

Keith Nuthall
A EUROPOL-led crackdown on illegal immigration through international airports in Europe has netted 410 migrants trying to illegally enter the EU. Those arrested in the one-day swoop were mainly from China, South America and Africa. More than a quarter were detected at Paris airports; other important entry points were airports in Madrid and Dublin.…

BY SWINEETHA DIAS WICKRAMANAYAKA
AN ADDITIONAL injection of IND Rupees 220 million, (US$4.5 million), is to be invested into Cochin International Airport Ltd, in Kerala, India, by five directors of the company, raising their stake to 26 per cent. The move is part of a plan by the company to expand its equity base to INDRupees 2,000 million, (US$40.8 million), from the current IND Rupees 900 million, (US$18.3 million), to liquidate high-cost loans that have been eating into its profits.…