In the last 20 years, ITIC has recovered more than USD 130,000,000 in unpaid commission, outstanding port disbursements, survey fees and other debts for Members. The insurance pays the legal costs of pursuing the debt. Tact is vital in order to preserve commercial relationships and often a polite reminder is all that is needed to secure payment. If proceedings are, however, necessary, ITIC’s specialist team will use whatever legal means necessary to try to recover the monies owed to you.
Getting more from ITIC is not all about insurance. ITIC also provides a wealth of loss prevention advice through the website, seminars and the ITIC publications of the Claims Review, Wire and Circulars. We also provide seminars to groups of Members, or in-house training to individual Members and insurance brokers. All this for no additional premium.
ITIC, with the participation of Thomas Cooper will be hosting a presentation and workshop on Monday 10th December in Paris, for Naval Architects.
ITIC IN THE NEWS: The following article, written by Robert Sniffen, Senior Account Executive, appeared in the October 2012 edition of The Naval Architect magazine.
International Transport Intermediaries Club (ITIC) has highlighted the level of exposure to liability which naval architects can face, especially in today’s financially troubled shipping industry.
In the latest edition of its...
STANDARD TERMS AND CONDITIONS FOR NAVAL ARCHITECTSIMPORTANT NOTICE These terms and conditions are published for the general interest of members of ITIC. The specific requiremen
10 Golden Rules of loss prevention for Expert WitnessesMany members of ITIC offer to act as an expert witness as a regular part of their professional practices. There are, however, a numb
Naval Architects are professional engineers and designers responsible for the design of marine vessels and/ or offshore structures. It is hard to pigeon hole the naval architect into a global definition as so many aspects of the...
The following selection of articles will give you practical information on loss prevention, as well as on contract terms, illustrated by a variety of claims examples. ITIC always emphasise the importance of using a suitab
Professional indemnity insurance for naval architects