The Wire is ITIC's e-newsletter. It is published and sent to insured members of ITIC and their brokers several times a year, with each issue focusing on a different area for transport industry professionals. This issue concentrated on ship managers.
Co-assurance on the owner's insurances
No manager should accept any argument from the owner or their insurers not to be a full co-assured on the owner’s P&I cover. We do come across examples where the manager is not a full joint member but it is very rare....
ITIC has seen a sharp increase in the number of lay-up contracts that we have been asked to review. Some of these lay-up agreements are based on an amended ship management contract where the manager acts as agent for and on...
This article featured in the 2009 edition of The Wire, which was sent to all ship managers.
English law or American law - effect on limitation
If you are using a ship management agreement subject to English law, it is acceptable to use a standard limitation of liability clause as set out in the various BIMCO Shipman contracts. However, if your BIMCO Shipman contract is...
Ship managers can be litigation targets in the US
by Peter D. Clark of Clark, Atcheson & Reiserthttp://www.navlaw.com/ Ship management is an integral part of today’s shipping industry. Ships require constant...