The Claims Review is a series of case studies which either have been paid by ITIC or where assistance has been rendered in. You will find these invaluable in helping to identify potential claims exposure.
Welcome to the October edition of the Claims Review
Hopefully many of you are beginning to get back to your office and life is becoming a bit more normal again. ITIC successfully hosted an almost complete board meeting (two directors joined the meeting virtually, with everyone else physically attending) at the end of September in London, for the first time since 2019.
A ship agent was informed by one of their LNG clients that they should have benefited from a quantity discount on pilotage tariffs available at the port for which the agent had erroneously not applied.
Something fishy happening
A broker negotiated the sale of a fishing vessel. A Memorandum of Agreement (“MOA”) was signed between the buyers and sellers which included a clause providing that the broker would be paid 2% of the total purchase price by way of commission.
Q&A with Geraldine Koon
Geraldine is the newest member of the ITIC team, joining as a senior claims executive in August 2021. In this interview Geraldine sits down to chat with the Claims Review editor, where she outlines what she is looking forward to the most about her new role and we learn why Geraldine hates high shelves…
Miles not Acu-rate
A commercial manager was instructed to plan a voyage to Acu Port, Brazil.
Court case confusion
A crude oil tanker suffered an explosion during repairs in the UAE resulting in severe damage to the vessel.
Clause for concern
A shipbroker negotiated a short time charter on behalf of disponent owners (owners). The broker had worked with the owners for several years and it was their usual practice for the broker to use the rider terms of the owners’ head charter when fixing sub charters.
A shipbroker arranged a fixture of regular monthly shipments of propane by way of a COA.
Tile shipper hits the roof
A liner agent accepted a booking for a shipment of 24 containers of roofing tiles which were to be carried by barge to the load port before being transshipped onto a vessel bound for the UK.
Knot a problem if ITIC has you covered
A consultant geophysical surveyor was on board a client’s vessel performing a survey. Whilst measuring sound velocity in the water using a device owned by the client, the surveyor tied the measuring equipment with a poor knot which slipped, allowing the equipment to fall overboard. It was unrecoverable.