This early edition of The Intermediary contains the folowing chapters: Whose agent am I, The insurance market subsequent to 9/11, The Common Agricultural policy, Misdirected arrows - ignore them at your peril, Best Endeavours, Agreeing to Differ, The ISM Code - Episode 2, Read the Bill of Lading!

The Intermediary - September 2002

02/09/2001
The role of the intermediary is often blurred, especially in these times of increased commercial pressures, and “whose agent am I?“ is a question often asked by ITIC’s Members. Furthermore, the intermediary is being regularly...

01/09/2002
Shipbrokers and ship agents can be placed in a position where it is not clear who they are acting for. The classic position where each party has its own shipbroker, or where there is an agency agreement, makes the agent/principal...

01/09/2002
There have recently been a number of situations reported to the Club where the Member has encountered difficulties due to trade embargoes. The last “Claims Review“ reported a claim where a commercial manager instructed a newly...

01/09/2002
The terrorist attack on the World Trade Centre (WTC) in September last year changed perception across most aspects of human life. As the full scale of the human horror and economic cost begins to unfold, the implications for the...

01/09/2002
After forty years in the industry, Gordon McMillan, managing director of Dublin-based Leinster Shipping (Agencies) Ltd., and chairman of the Institute of Chartered Shipbrokers talks about his love affair with shipping. GORDON...

01/09/2002
Since it’s re-design in November 2001, the Club’s website has received thousands of visitors. Feedback, both directly from the site, as well as through more traditional channels, has brought about some further changes....

01/09/2002
…a problem for ship agents, not just governments ITIC Members in Europe need no introduction to the Common Agricultural Policy (CAP). It has been in force for the last 40 years and accounts for an astounding 50% of the budget of...

01/09/2002
A conference for P&I Club correspondents was held in Bristol in September 2001. Among the many subjects discussed over the two days, the following was thought to be an interesting range of views between service providers and...

01/09/2002
New legislation will help shipbrokers to collect commission In the last two editions of the “Intermediary“ we have reported on how English law has been amended in a way which will assist brokers to collect their...

01/09/2002
ITIC Members (particularly ship agents and ship managers) are regularly sued in addition to, or even instead of, the shipowner. There are a number of reasons for this. In some countries, agents have joint and several liability...

01/09/2002
...ITIC's approach ITIC makes it a condition of its insurance that its crew management Members use their best endeavours to be co-assured on their ship owners insurances. In applying this standard the Club has adopted the...

01/09/2002
Suzanne Starbuck of Merlin Corporate Communications charts the development of Forward Freight Agreements (FFAs) in the shipping industry over the last decade and asks if they have a role to play in the future. SINCE their...

01/09/2002
ISM Implementation Phase One The first major worldwide implementation of the ISM Code rolled over the shipping community on 1 July, 1998. In the build-up to that date the maritime press was full of dire warnings about...

01/09/2002
A WARNING FOR AGENTS ABC Agency Co were the agents in China for an NVOC based in Washington State, USA which operated a service between the USA and various Asian ports. The NVOC ceased trading through insolvency, and...

01/09/2002
It is time for ship agents to examine the rubber stamps they use when signing bills of lading and consider destroying some of them. Ship agents are sometimes sued in addition to (or instead of) their principal, the contracting...

01/09/2002
The last issue of the “Intermediary“ contained an article on mediation. Since that article was published there have been three major developments affecting the use of this increasingly popular form of dispute resolution. Bimco...

01/09/2002
ITIC’s shipmanagement Members should be aware that underwriters in the London market are in the process of revising the standard hull insurance clauses to bring them into line with current market practice. No major changes to the...

01/09/2002
The new FONASBA (Federation of National Associations of Shipbrokers and Agents) Standard Liner and General Agency Agreement is now in use. In a bid to modernise their documentation, FONASBA decided to combine the Standard Liner...

01/09/2002
A number of shipbroker Members have asked the Managers for their views on the use of instant messenger systems, such as those provided by MSN Messenger, Yahoo and AOL, as a medium for doing business. These systems allow written...

01/09/2002
A number of Members who are sale & purchase brokers have approached us to report that banks are expressing a reluctance to open accounts in the names of buyers or sellers for sale and purchase transactions. The banks have...

01/09/2002
The Institute of Chartered Shipbrokers (ICS) has updated its standard trading conditions. The new 2002 version received the approval of the Institute’s Federation Council in September 2002 and will be circulated for use by...

01/09/2002
Radio Netherlands interviews - Julia Mavropoulos ITIC’s circular titled “Ship Agents Beware! The ship calling for a crew change may involve illegal immigrants“ was well received by the Club’s Members and has...

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