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Introduction

Introduction

The latest edition of ITIC’s The Wire spotlights Spain, a market where ITIC has been a trusted insurance partner for ship agents since the 1980s.

ITIC is supported locally by Hispania P&I Correspondents, its reliable representatives in Spain. With a deep understanding of ITIC’s cover and expertise in Spanish law and evolving local regulations, Hispania P&I Correspondents ensure members receive tailored guidance and support. The team is available to assist with ITIC-related enquiries in both Spanish and English.

This edition features two real-life claims that highlight the importance of proactive risk management, as well as an insightful article on due diligence for ship agents, focusing on how to avoid legal and financial pitfalls.

ITIC also extends its thanks to everyone who attended the recent seminar hosted by Maria Michael, Account Executive for Spain, and Senior Legal Advisor Geraldine Koon. The event provided an excellent opportunity to connect with members and share valuable insights.

We hope you find this edition informative and engaging. Thank you for your continued support.

Date
08/01/2026
Stay afloat: The importance of conducting due diligence for ship agents

08/01/2026

Stay afloat: The importance of conducting due diligence for ship agents

ITIC knows that ship agents work in a fast-paced environment and often need to make quick decisions before a ship’s call. Commercial pressures can make it tempting to move forward without carrying out basic checks.
A draft dilemma

08/01/2026

A draft dilemma

A ship was proceeding to the discharge port. The agent at the discharge port advised the shipper that the maximum draft was 40ft. As this ship was just under 41ft it made an interim call to unload some cargo.
Unpaid disbursements

08/01/2026

Unpaid disbursements

A ship agent was appointed by the owners of a detained ship to arrange an inspection at a port. The port authority advised that the required inspection form and fee had to be submitted simultaneously; no inspection could proceed if either element was missing.
Maria Michael – Trainee Account Executive

08/01/2026

Maria Michael – Trainee Account Executive

Maria joined ITIC in June 2024 as a Trainee Account Executive. Maria is responsible for members across Spain, Morocco, Canada and areas of the UK, including the South East, North West, and Kent and is currently preparing for the Institute of Chartered Shipbrokers exams.