ITIC circular: EU sanctions against Russia
Since Russia’s invasion of the Ukraine in February 2022, the European Union has progressively intensified its sanctions against Russia.
Press release: ITIC returns profits to members for 27th year running
ITIC a mutual insurer which provides professional indemnity cover for intermediaries serving marine, offshore and renewable and aviation customers, has reported annual premium growth in 2021/22 of 9.8% and will be returning US$ 8m in surplus funds to its members.
Air Charter Expo 2022
ITIC will be exhibiting at Air Charter Expo (ACE) 2022, at stand 124. ACE is The Air Charter Association's dedicated conference and exhibition.
Webinar: Coffee and catch up with ITIC for insurance brokers
ITIC is hosting a 'coffee and a catch up' webinar for insurance brokers on Wednesday 27th July 2022.
Press release: Don’t forget to inform customs, warns ITIC
A recent claim handled by ITIC reinforces the need for attention to detail when making changes to an ocean freight booking.
Press release: Fault can be attributed to more than one source, says ITIC
Sometimes fault is not always one-sided as a recent dispute involving a naval architect and a class society demonstrated. The claim was handled by ITIC and originated from a shipyard.
Press release: Don’t play fast and loose with sanctions – advice to intermediaries from ITIC
ITIC warns all intermediaries such as brokers, agents and consultants to be fully aware of the parties they are working with to ensure all relevant sanctions are complied with.
ITIC circular: Baltic Exchange update regarding sanctions imposed on Russia
The following circular has been produced by the Baltic Exchange in regards to the sanctions imposed on Russia...
ITIC circular: EU impose further sanctions on Russia
The following circular has been produced by the UK P&I Club in regards to the latest sanctions imposed by the EU on Russia...
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.
ITIC circular: Update - legislation relating to the banning of Russian connected vessels to UK ports
Further to our circular of 1st March on the banning of Russian connected vessels to UK Ports, please see the link to the legislation detailing the ban...
ITIC circular: UK orders its ports to block all Russian-linked ships
The UK Secretary of State for Transport, Grant Shapps, has written to UK ports requesting that they deny entry to vessels that they have reason to believe are connected with Russia or any individuals who have been sanctioned.