ITIC would like to remind all air charter brokers of the importance of checking - and double-checking - that all charter contracts with the flying customer are on a fully back-to-back basis with the operator’s terms. This is all the more important during this time of unprecedented restrictions on travel, both domestic and international.
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.
In the aftermath of the financial crisis of 2008 brokers providing valuations included additional wording in their certificates reflecting the state of the market. These generally pointed out that the lack of comparable sales made the assessment of values uncertain.
ITIC has received reports of fraudulent invoices being submitted to owners for the provision of medical testing services in relation to the coronavirus.
All EU members (and not those within the United Kingdom) will now be renewed on EU fronted policies as and when those renewals become due.