Shipbroking
13/04/2012 -
International Transport Intermediaries Club (ITIC) says the current global economic downturn means that shipbrokers will have to be particularly careful to ensure that their entitlement to commission is properly protected.
In...
01/04/2011 -
Circular explaining amendments to Standard Ship and Crew Management Endorsement.
05/11/2010 -
International Transport Intermediaries Club (ITIC) says that shipbrokers are being required to sign formal agreements with their principals in the light of a worldwide trend towards stricter anti-corruption legislation, and ahead...
23/09/2010 -
International Transport Intermediaries Club (ITIC) says that shipbrokers run the risk of exposure to substantial liabilities as a result of inadequate monitoring of their email communications.
In the latest issue of its Claims...
02/11/2009 -
The International Transport Intermediaries Club (ITIC) has advised shipbrokers against using the term ‘first-class charterers’ when conducting fixture negotiations, following a claim made by shipowners against one of its broker...
01/06/2009 -
The Baltic Exchange and the London Maritime Arbitrators Association ("LMAA") are currently promoting a mediation scheme.
Mediation is a form of assisted negotiation and involves the appointment of a mutually acceptable...
01/06/2009 -
The volume of emails received by some shipbrokers is simply staggering. The missing of time sensitive messages, out of the hundreds received daily, is a major source of claims against shipbrokers.
The penalty for failing to pass...
01/06/2009 -
The current market conditions have led to a number of charterparties being renegotiated. The new business that emerges may simply be at a different hire rate or for a different period. Another common situation is that a new...
01/06/2009 -
Peter Clark www.navlaw.com
The recently reported Harvey Mullion v. Caverton case, 2008 AMC 2361 (S.D.N.Y. 2008) raises a point of some importance to those...
01/06/2009 -
In the current market it is inevitable that some principals will simply be disappointed by the broker’s view of what their ship is likely to obtain.
The fall in values may create issues due to the terms on which the vessels have...
