...denn jeder macht Fehler

Russia-Ukraine conflict

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.

02/12/2022

ITIC circular: Sanctions against Russia - The upcoming oil price caps on 5 December 2022

On 6 October 2022, the EU further amended its Russian sanctions legislation to pave the way for its coming price cap on Russian oil and petroleum products...

25/10/2022

Press release: ITIC successfully obtains payment of overdue commission fees for S&P shipbroker

ITIC obtained overdue payment of a shipbroker member’s commission which the seller had refused to pay despite the successful completion of the sale and purchase of a ship.

18/10/2022

Claims Review 47

The latest edition of the Claims Review is available to read now. This edition of the Claims Review contains claims examples and warnings for ship agents, shipbrokers, ship managers and naval architects. 

13/10/2022

ESG

ITIC recognises an honest and transparent review of its ESG profile is key to its long-term vision. This report is a dynamic view of ITIC’s activities in the Environmental, Social and Governance sectors which are being updated on an ongoing basis.

27/09/2022

ITIC circular: EU sanctions against Russia update

On 19 September 2022, the EU issued two amended Russia-sanctions FAQs on the import, purchase, and transfer of listed goods (nos. 2 and 4 available). Read the full circular here...

16/09/2022

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.