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.
International Transport Intermediaries Club (ITIC) warns port agents to inform their regular principals of port fee and tariff increases, even if the details are in the public domain. This will avoid disputes as well as delayed reimbursement payments.
As the world continues to face lockdowns due to the Coronavirus outbreak the International Transport Intermediaries Club (ITIC) has issued advice that warns port agents of issues with receiving original bills of lading.
During this extraordinary time of lockdowns around the world, there will be issues with receiving the original bills of lading. Port agents may be asked by consignees to deliver goods to them without providing a bill of lading in return.
ITIC, the International Transport Intermediaries Club, is seeing an increasing number of ship agents becoming exposed to the fall-out from the bankruptcy of their principal.
ITIC warns agents to respond to shippers’ requests in good time, or face the possibility of financial penalties.
International Transport Intermediaries Club (ITIC) has warned its members of the need to incorporate terms and conditions into their business dealings in order to limit their potential exposure to liability.
International Transport Intermediaries Club (ITIC) says ship brokers and agents are among those most at risk of exposure to fraud in the shipping industry, and urges them to carry out simple checks in order to protect themselves.
International Transport Intermediaries Club (ITIC) has produced an e-learning video for ship agents on the use of ‘switch bills of lading’, a second sets of bills used as a substitute for the original bills of lading issued at time of shipment.
International Transport Intermediaries Club (ITIC) has recently reported a dispute in which a ship agent in Australia was held liable to its shipowner principal for excessive charges demanded by a contractor for the disposal of dunnage and other materials related to the packing of cargo.