FONASBA and BIMCO have recently published a new agreement for use by ship agents.
Ship agents can predict their financial exposure to the usual costs of a port call but there are occasions when unexpected developments mean the final disbursement account is far greater than could have been anticipated.
Join FONASBA, BIMCO and ITIC on Monday 20 February 2017 at 14:00 CET and 08:00 (US East Coast) to hear about the newly published Agency Appointment Agreement.
FONASBA and BIMCO announce the launch of a new Agency Appointment Agreement document. The Agency Appointment Agreement provides an effective means of setting out the details of an agency appointment.
International Transport Intermediaries Club (ITIC) says the misreading of tariffs in shipping documentation is a common cause of costly claims.
Professional Indemnity Insurance for Ship Agents
The amendment to the Safety of Life at Sea Convention (SOLAS), which requires that all containers loaded onto a ship for export have a verified gross mass (VGM), came into force on 1st July.
International Transport Intermediaries Club (ITIC) has launched a cyber liability extension to ITIC policies to protect its existing professional indemnity members against the growing threat posed by hackers.
International Transport Intermediaries Club (ITIC) says it continues to deal on a regular basis with claims resulting from errors by agents involving transhipment cargoes. In one case, an agent in Argentina failed to declare a cargo as transhipment cargo within fifteen days of the vessel’s arrival at Buenos Aires...
International Transport Intermediaries Club (ITIC) has highlighted how a careless mistake by a liner agent resulted in the imposition of a fine of almost $300,000 by the US Customs and Border Protection.
Everyone makes mistakes...
Are you covered for unforeseen events?