Ship broking errors can be made as fast as negotiations can be conducted. The immediacy of electronic communication can often lead to expensive mistakes since detail may be missed in the haste, often driven by other parties, to close deals.

Whilst it may be self-evident that the fail-safe approach to errors is to cross and cross-check; time pressures can often create less than perfect conditions for operational excellence.

Examples of errors that might be encountered include:

  • misdirected demurrage statements - letter sent to wrong address; demurrage time-bar missed;
  • vessel or cargo wrongly described - incorrect dimensions, specification or quantity;
  • negotiation errors - failure to pass on the details of an offer;
  • negligent statements;
  • offer sent to the wrong email address.
  • breach of warranty of authority
  • acting for a non-existent principal

We’ve seen the problems before and we are here to help you.

Professional Indemnity Insurance...

Because everyone makes mistakes

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Contact us at ITIC.
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ITIM Co Ltd is the Appointed Representative of International Transport Intermediaries Club Ltd which is Authorised by the Prudential Regulation Authority and Regulated by the Financial Conduct Authority and Prudential Regulation Authority.  International Transport Intermediaries Club Ltd (Registration number: 2725312) and ITIM Co Ltd (Registration number: 2670020) are registered in England.

The registered offices are: 90 Fenchurch Street, London, EC3M 4ST