...because everyone makes mistakes

Russia-Ukraine conflict

This page collates updates, circulars and other material relevant to the current crisis in Ukraine. If members become aware, or have concerns, that their clients and/or parties in a transaction have become a sanctioned entity, or are concerned as to whether the sanction regimes apply to any of their transactions, they should contact specialist sanctions lawyers as soon as possible.

10/01/2023

Press release: ITIC covers US$ 94,000 in fees after Panama Canal authorities deny cancellation request

ITIC has reimbursed a ship agent US$ 94,000 after their request to cancel a slot they booked by mistake for transit through the Panama Canal was denied.

06/12/2022

Press release: ITIC reimburses ship agent member €30,000 after total loss of pastry shipments due to temperature mistake

ITIC has reimbursed a ship agent €30,000 after the member had to make a payment on behalf of the carrier for the latter’s liability to a consignee for the total loss of its pastry shipments...

02/12/2022

Webinar: Things shipbrokers need to watch out for when arranging fixtures

The M/T Unfortunate set out on a voyage that was littered with delays, setbacks and issues. This webinar is essential viewing for all shipbrokers. 

18/10/2022

Claims Review 47

The latest edition of the Claims Review is available to read now. This edition of the Claims Review contains claims examples and warnings for ship agents, shipbrokers, ship managers and naval architects. 

13/10/2022

ESG

ITIC recognises an honest and transparent review of its ESG profile is key to its long-term vision. This report is a dynamic view of ITIC’s activities in the Environmental, Social and Governance sectors which are being updated on an ongoing basis.

25/10/2022

Press release: ITIC successfully obtains payment of overdue commission fees for S&P shipbroker

ITIC obtained overdue payment of a shipbroker member’s commission which the seller had refused to pay despite the successful completion of the sale and purchase of a ship.