In Ship broking
Webinar: The M/T Unfortunate - a webinar for shipbrokers
ITIC is hosting a webinar on Wednesday 30th November 2022 at 10.00 (London time) for shipbrokers. The webinar will last approximately 45 minutes and will focus on a fictious shipbroking case study.
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.
ITIC circular: Baltic Exchange update regarding sanctions imposed on Russia
The following circular has been produced by the Baltic Exchange in regards to the sanctions imposed on Russia...
Press release: Complacency can cost, warns ITIC
ITIC (International Transport Intermediaries Club) warns brokers and agents that allowing complacency to creep into their daily activities has the potential to cost them dearly. A recent example concerned a shipbroker negotiating a short-term charter on behalf of their owner principal for whom the broker had worked for several years.
Press release: Take time to re-check contact details for important emails, advises ITIC
According to ITIC incorrectly addressing emails can prove costly as was demonstrated in a recent case where the insurer had to reimburse a shipbroker US$ 50,000 in respect of such an error.
Webinar: Shipbrokers' simple slips
Join us on Tuesday 29th June 2021 for this webinar, presented by Andrew Jamieson and Mark Brattman. Topics include: mistakes shipbrokers make, the impact of COVID-19 and how to protect yourself from claims.
Press release: Counterfeit invoices and fake emails continue to plague our industry, cautions ITIC
ITIC has issued a number of warnings on the increasing prevalence of documentation fraud and is reinforcing the message by highlighting a recent case it has handled on behalf of a broker.
Press release: ITIC warns against letting speed affect accuracy
To maintain flexibility, charterers often request that the shipbroker fix the vessels to discharge at a specified number of ports within a defined range. But it’s important that the broker clearly understands the definition of that range and which ports it includes.
Press release: Using the “Notice of Readiness” clause from a previous fixture can have unintended consequences, warns ITIC
The Notice of Readiness (NOR) clause in a previous fixture may not have the same effect if used in a new fixture. Shipbrokers should bear this in mind when copying wordings from previous fixtures says the International Transport Intermediaries Club (ITIC).
Press Release: Brokers should consider ship valuation wordings due to Coronavirus, says ITIC
During these unprecedented times, the International Transport Intermediaries Club (ITIC) recommends that brokers should consider stressing the current unusual market conditions in their ship valuation certificates.