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.
In response to the COVID-19 outbreak all ITIM staff are now working from home. ITIC remains fully operational during this time.
ITIC, the International Transport Intermediaries Club, has been receiving an increasing number of reports of fraudulent invoices being submitted to vessel owners and managers for medical testing services following the outbreak of the coronavirus.
ITIC has received reports of fraudulent invoices being submitted to owners for the provision of medical testing services in relation to the coronavirus.
In a recent case, an International Transport Intermediaries Club (ITIC) member faced legal action for unwittingly infringing design copyright. The member, a naval architect, was asked by a customer to provide final designs and specifications for a workboat based on existing plans supplied by them. As the customer’s stamp was clearly shown on the plans, the naval architect assumed that the customer retained ownership.
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.
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.
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.