Rule Book
Las Reglas constituyen la base de las pólizas de seguro de los asociados de ITIC.
Están disponibles las Reglas de 2012 y de 2008 y sus traducciones a chino, francés, italiano y español. Sin embargo, las traducciones tienen meramente finalidad informativa y no deben tomarse en consideración para ningún seguro facilitado por ITIC.
2024 Rules
Download the Chinese translation
Here are the 2024 Rules of ITIC. They are designed to be used as an electronic document and if you are viewing the interactive pdf and you click on a link (blue text and underlined) you can go back to your previous position in the document in two ways*:
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Option 2
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*Please note: in order to be able to navigate ITIC's Rules 2024 in this manner you must have downloaded a copy of the Rules.
Download the 2024 ITIC Europe Rules
Download the French translation
Download the German translation
Download the Spanish translation
The Rules form the basis of members' policies of insurance with ITIC Europe.
ITIC has established a subsidiary operation in Cyprus through which to underwrite its EEA business. That company, International Transport Intermediaries Insurance Company (Europe) Ltd, ITIC Europe, was incorporated in Cyprus on 11 September 2023.
Difference between ITIC Rules and ITIC Europe Rules
Please note the ITIC Europe Rules 2024 are completely based on the ITIC Rules 2024 and are intended to offer those insured by ITIC Europe the exact same level of cover to which members of ITIC have always benefited. ITIC Europe is a wholly owned subsidiary of ITIC and therefore logical amendments have been made to the ITIC Rules reflecting the new arrangement, to create the new ITIC Europe Rules. The following is a high level summary of the changes that have been made:
1. Where necessary references to Club are changed to mean ITIC Europe instead of ITIC;
2. “Articles of Association” now mean the Articles of ITIC Europe. ITIC’s Articles are “the ITIC Articles”;
3. “The Rules” mean the ITIC Europe Rules and ITIC’s Rules are defined as “the ITIC Rules”.
4. The concept of “corporate membership” of ITIC has been introduced so that entities insured by ITIC Europe are also corporate members of ITIC;
5. Part 8 “Cesser of Insurance” now additionally includes cesser of corporate membership;
6. References to “Directors” mean the Directors of the Club (ITIC Europe);
7. The address for service has changed from ITIC’s London address to ITIC Europe's Cyprus address.
If you or your client have any questions about these changes please ask your usual ITIC contact.
Revised ship, yacht and crew management endorsements
With the issuance of the BIMCO Shipman 2024 and BIMCO Crewman 2025 agreements, it was felt appropriate to review the wording of ITIC’s ship, yacht and crew management endorsements.
The changes implemented are to make the endorsement conditions and exclusions clearer.
- Cover is insured on the basis of terms no more onerous than those used in the 2009 or later versions of the BIMCO agreements. The 1998 version is no longer referenced, given that this is over 25 years old and 2 subsequent versions have since been published.
- The wording of the co-assurance requirement condition has also been clarified, with the insurances to include at least full P&I and H&M cover. For crew managers, the condition is for members to exercise best endeavours to be named as co-assured.
- The exclusion wording for risks arising out of the breach of Classification Society rules has been simplified.
- Likewise the exclusion wording for the supply of goods has been reworded to make it simpler and clearer and and attention is drawn to the products liability exclusion at Rule 13.5.
Revised loss of commission endorsement
The changes implemented are mostly to make the endorsement conditions and exclusions clearer, with most additional wording reflecting the existing position under the Rules.
- The wording clarifies that the underlying contract must have been terminated pursuant to an existing contractual right under the contract, not merely due to a commercial decision by the parties. This is repeated in the “Exclusions” section.
- Additional wording clarifies that constructive total loss is where confirmed by the ship’s underwriters.
- “Allision” has been added (to collision) so this event is also covered.
- The Rule 13 exclusions wording and the exclusion and cancellation wording for outbreak of war have been moved from the “Conditions” section to the “Exclusions” section.
- As per the rules, risks arising out of or in connection with sanctions issues are not covered. This is repeated in the “Exclusions” section
- It is clarified that there is no cover if the reason for termination of the contract was or should have been known by the member before the conclusion of the contract.
- The member’s existing duty to mitigate is emphasised.
- Additional wording sets out the payment mechanism for a claim under the policy.
Insurance Product Information Documents
The Insurance Product Information Documents (IPIDs) are a summary of the benefits included, exclusions, restrictions, areas of cover, how your policy is paid and your rights and obligations.
ITIC provides two sets of IPID documents, one for EEA members and another for non-EEA members. Based on where your business is registered, please select the relevant entity below (it will be stated on your policy and the certificate of insurance). These documents are the same, aside from the name of the insurer.
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