Beginning of the year 2001, IATA raised concerns over the aggregated sales volume generated in a period of 30 days by agents far exceeding the current financial collateral at the time. As a result IATA proposed to increase amount of bank guarantees, in order to protect IATA airlines from exposure tofinancial risks. Realising the financial burden upon member agents, the Thai Airfreight Forwarder Association – TAFA consulted with Airlines Cargo Business Cargo – ACBA (known as ACP … [Read more...] about Insurance alternative to bank guarantees: The Thai experience