Circulars 2020 policy year

We are increasingly noticing that payments of premium are being sent to the wrong bank account (UK and not Europe), being made for the wrong amount or are being paid with insufficient details to enable the accurate allocation of the cash against the ledgers.

ITIC has just helped a Northern European member to avoid falling victim to a scam by people smugglers trying to cover the movement of illegal migrants.

Indian ship agents are no longer liable for any deficit or short-fall in the sale proceeds of un-cleared or abandoned cargo. ITIC has been insuring many ship agents in India since 1985.