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In Marine surveyors

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27/09/2011

Collateral Damage

A US bank instructed a marine surveying company to provide a valuation of a client’s vessel to assess its suitability to be used as collateral for a loan. The bank was to be provided with a preferred ship mortgage by their...

31/08/2010

The dangers of assumption

A large construction firm was undertaking building works on an island. In order to construct part of the project, a large crane was needed to be shipped by barge from the mainland. The construction company asked ITIC’s member,...

30/04/2009

Outstanding Survey Fees

A P&I club asked a marine surveyor to carry out a condition survey on a ship. The surveyor noted several deficiencies and, as a result, the P&I club requested the surveyor to conduct a follow-up survey. Although the...

03/03/2008

Settle now or pay later

A bank appointed a surveyor member of ITIC to confirm the value of a vessel under construction and to certify that additional funds could be drawn down during the construction period. The bank confirmed that the role of the...

01/03/2007

An innocent surveyor has to pay

A surveyor in Australia was appointed by a bank. The instructions provided to the surveyor were clear. They were to confirm the value of the vessel being built at a local yard and to certify to the bank when additional funds...

01/03/2007

Tug: unsafe lifting

A marine surveyor received instructions to advise on the stowage and lifting of a tug to be carried onboard a ship from the Far East to Europe. The marine surveyor provided advice as to how the cradle, in which the tug was to be...

31/03/2005

Steel pipes & oil tanks

THE CLUB has dealt with a number of recent claims involving surveyors. One surveyor was instructed to oversee the lashing of steel pipes. Unfortunately, the pipes were damaged on the voyage. The Club defended the claim that the...

01/03/2004

Wrong form

A surveying company recruited a senior staff member from a rival who brought a major client to his new firm. The surveyor used an existing reporting format. Shortly after the surveyor started his new job his employers received a...

01/01/1997

P&I Club denies authorising correspondent to settle

A marine surveyor and occasional P&I correspondent was requested by a P&I Club to attend on board a ship to survey a cargo of 2,000 metric tonnes bulk fertiliser, which had been contaminated by residues from a previous...

01/02/1996

Liability of marine surveyor

A marine surveyor received a telephone call from a marine insurance broker requesting the survey and valuation of a 17 year old yacht for insurance purposes.  He was told that the yacht had just been sold for A$ 95,000 and...

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