This issue includes articles on Marine Competition Law, PI and the Hydrographer, Copyright Issues and Directors and Officers Insurance Claims examples.

The Intermediary - September 2007

02/09/2007
In this, my third year as chairman of your Club, it gives me great pleasure to introduce this edition of the Intermediary to you. Once again, under the stewardship of the Managers at Thomas Miller, the Club has had a very...

02/09/2007
Peter Appel and Bitten Thorgaard Sørensen of Gorrissen Federspiel Kierkegaard, Copenhagen 1 Introduction Due to the recent competition law reforms, the shipping indus-try is today faced with the obligation of...

02/09/2007
The work of many of ITIC’s members, particularly those involved in design, such as naval architects, involves intellectual property rights and obligations. Obviously, members cannot deliberately infringe the copyright, patent or...

02/09/2007
LOSS OF COMMISSION COVER One of the additional insurances that ITIC offers to shipbrokers and ship managers is loss of commission insurance when they are not paid commission or fee income arising out of a marine peril,...

02/09/2007
The Club is often asked to distinguish the difference between reasonable endeavours and best endeavours. Where a clause in a contract exists that requires a company to use reasonable endeavours to obtain a third party’s consent...

02/09/2007
By Jenni Lajzerowicz, Senior Associate, Maritime Trade & Energy Group, Norton Rose LLP, London Introduction The Uniform Customs and Practice for Documentary Credits (“UCP”) is a standard set of rules which...

02/09/2007
Over the course of the last few years the trend has been for former governmental hydrographic organisations to become privately owned companies, joining the existing privately owned companies in the oil & gas and ports &...

02/09/2007
What is a Telex release? A Telex release is the industry term for the release of cargo at one port when the original bill of lading has been surrendered at another. Although this is still referred to as a Telex...

02/09/2007
Introduction Directors & Officers insurance (D&O) is a personal insurance purchased by the employer for the benefit of its directors and officers. ITIC’s D&O product protects both individual directors from...

02/09/2007
By Tor Aasberg, Partner, Advokatfirmaet Grette DA, Oslo, Norway 1. Introduction According to the Norwegian Enforcement Code (NEC) and the Norwegian Maritime Code (NMC) a creditor with a maritime claim against a...

02/09/2007
Whilst incorporating a company may be the easiest way of limiting one’s liability, recent legislation means that the administrative burden of managing a company has got harder. The first Company Law Directive and First Company...

02/09/2007
ONLINE LEARNING TOOL - THE RISKS INVOLVED WITH BILLS OF LADING ITIC has developed its first online training tool, “The risks involved with bills of lading". ITIC’s Claims Director, Andrew Jamieson, narrates a presentation...

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