Ship management
03/09/2007 -
Peter Appel and Bitten Thorgaard Sørensen of Gorrissen Federspiel Kierkegaard, Copenhagen
1 Introduction
Due to the recent competition law reforms, the shipping indus-try is today faced with the obligation of...
01/09/2006 -
In recent years liner operators have been rushing to Germany for their new tonnage. Several have set up their own ship management companies in Germany. They have done so because, during the 1990s, Germany’s tax laws were amended...
01/09/2006 -
In many countries ship agents, and, in some cases ship managers, can find themselves involved in claims as a result of their joint and several liability with their principal, be that the ship owner or charterer. This liability...
01/09/2006 -
ITIC insures many companies whose job it is to arrange contracts on behalf of a principal between the principal and a third party. A problem which continues to produce many claims is the failure to clarify when arranging the...
01/03/2006 -
One of the duties undertaken by ship managers is to arrange insurances. Shipman 98 provides that this shall be “on such terms and conditions as the owners shall have instructed or agreed, in particular regarding conditions,...
01/03/2006 -
ITIC is always available to give a practical view of documents that you are asked to sign. ITIC will shortly be circulating a Guide to Ship Agency Contracts and a Guide to Ship Management Contracts. ITIC regularly review a wide...
03/10/2005 -
On 1 July 2004 the International Ship and Port Facility (ISPS) Code came into force. Although, as predicted, ships have been subjected to delays, detentions, inspections and increased costs, there has not, as was feared, been a...
03/10/2005 -
Approximately 80% of all business communications are electronic. Agents (which terms includes ship agents, shipbrokers, ship managers and forwarding agents) will send many important documents by e-mail, including manifests, bills...
03/10/2005 -
Ship managers need to be co-assured because the economics of ship management are based on a management fee structure that does not envisage the manager purchasing separate P&I and hull and machinery cover.
03/10/2005 -
BIMCO’s attention has been drawn to the fact that some shipowners do not name third party ship managers as co-assured on their hull and machinery policies. This is a highly dangerous practice that may leave ship managers exposed...
