Ship agency
30/03/2012 -
International Transport Intermediaries Club (ITIC) says that mistakes in arranging so-called ‘telex releases’ are a frequent and growing source of claims against ship agents. ITIC points out that this practice – whereby liner...
01/03/2011 -
International Transport Intermediaries Club (ITIC) has warned that failure to pay ship agents promptly in accordance with contractual agreements can have serious consequences for shipowners, and can potentially involve them in...
26/05/2009 -
The latest Claims Review produced by the International Transport Intermediaries Club (ITIC) provides evidence that, although ship arrest should in many respects be considered a last resort in the dispute resolution process, it...
01/05/2009 -
1. ESTABLISH THE IDENTITY OF YOUR CLIENT BEFORE YOU ACT
Ship agents: Have you been appointed by the charterer to be the owner’s agent? Is your principal a well known ship manager, or the manager for a...
02/03/2009 -
In response to the fall in global freight rates, ITIC has noticed that some port authorities are attempting to place greater responsibility on local ship agents.
We have recently seen one communication from a port authority to...
02/03/2009 -
After 133 years, the Regulation 4056/86 which allowed shipping companies to apply common and uniform rates in return for providing reliable services came to an end on 18 October 2008 in Europe. The regulation was based on the...
01/12/2008 -
Our Ref: 0208
December 2008
To: Ship manager members of ITIC and their insurance brokers
Ship managers need to be cautious when signing purchase orders. In the current shipping market, ITIC is witnessing an increase in the...
03/11/2008 -
In addition to professional indemnity insurance, ITIC also offers the following products:
Directors’ and Officers’ insurance
Directors’ & Officers’ insurance (D&O) is a personal insurance purchased by the...
03/11/2008 -
Meana Green Maura, with offices in Madrid, Bilbao and Cadiz, has wide experience in shipping and transportation law, particularly in the dark art of ship arrest, both for members of ITIC and for other players in the shipping...
03/03/2008 -
Venezuela, in common with many countries, has regulations to protect domestic shipping. Foreign flagged ships can obtain a permit when there is no local tonnage capable of performing the required service within Venezuelan waters....
