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01/03/2011

Pass it ALL on

Shipbrokers arranged a sub-charter. As is usual the main terms of the sub-charter were fixed with the details “otherwise as per as the head charterparty”. The head charter had been sent to the broker together with a separate...
Fraud alert

14/11/2024

Fraud alert

For a number of years one of ITIC’s members had acted as a charterer’s broker for a steel trading company. They were asked to find a ship to lift a cargo of steel coils and circulated the requirement to their usual contacts. They were unable to find acceptable tonnage.

31/08/2010

Take care who you are writing to

A number of claims against shipbrokers are caused by a failure to take care who a message is addressed to. One example is the broker using the “reply” button, instead of “forward” in email communication. The result being that an...

31/08/2010

Fraud through the web

A shipbroker sought ITIC's assistance because fraudsters were using their address and VAT number. They advised that they had received a call from a man whose girlfriend wanted to buy a vintage sports car. The person selling it...

31/08/2010

Check it has been received

A shipbroker, who was a member of ITIC, was acting for a ship owner. The owners had a demurrage claim against the charterers and the charterparty contained the following time bars: 60 day notification – mid January 2008 90...

01/03/2010

On deck/under deck

A shipbroker was approached by the cargo agent of a company which required a ship to transport two tanks from Holland to Wales. The cargo agent provided the shipbroker with details of the cargo, and these details included...

01/03/2010

While the broker is away ...

In 1993, a shipbroker had a receptionist who filed a demurrage claim into the fixture file without notifying the post fixture staff of its existence. The shipbroker incurred a demurrage claim. Since that date; the company has...

30/04/2009

Charterparty Commission Dispute Involving Two Brokers

A shipbroker who was a Member of ITIC (broker A) had been a co-broker in chartering a ship with another broker (broker B). Broker B was not a member of ITIC. During the negotiations, broker B added 2.5% commission into the...

30/04/2009

Sale & Purchase Commission Dispute

Two shipbrokers were involved in a sale and purchase of two ships, one acting for the buyer, the other for the seller. The commission agreed on delivery of each ship was to be USD 250,000 per broker, considerably less than the...

01/01/2009

Be wary of "first class charterers"

Norwegian shipbrokers were involved in negotiations for a voyage charter. When entering the market, they described the charters as “first class.” It was also alleged that during the negotiations, they made positive...

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