Pool managers in many parts of the world have ITIC professional indemnity insurance.

This specialist area requires insurance providers who are familiar with its needs and can demonstrate first-hand knowledge supported by frontline experience.

ITIC fits the bill.

Cases that ITIC has handled for pool managers have resulted from:

  • fixing for a ship for a port prohibited under the time charter party
  • fixing a ship for a cargo, which the ship was unable to carry;
  • incorrect description of ship’s speed and consumption;
  • failure to forward demurrage statement within time-bar;
  • failure to collect freight.

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