2012 Press & Bulletins

06/12/2012

Persistence pays off for shipbroker in recovering charter party commission

International Transport Intermediaries Club (ITIC) has illustrated how persistence can pay off for shipping intermediaries looking to pursue legitimate claims in today’s difficult financial climate. In the latest issue of its...

12/11/2012

Ship agents count the cost of avoidable errors

International Transport Intermediaries Club (ITIC) has emphasised how avoidable errors can prove expensive for ship agents.

22/10/2012

Shipbroker pays the price for failure to put it in writing

23/09/2012

ITIC continues to reward loyalty with renewal credit payments to members

FOR the seventeenth year in succession, International Transport Intermediaries Club (ITIC) has paid a renewal credit to its members. For the year ended 31 May, 2012, members received a total of $5.2m. In the past seventeen years,...

10/05/2012

ITIC says ship managers must beware increase in claims by owners

International Transport Intermediaries Club (ITIC) says it has seen a noticeable increase in claims against ship managers by shipowners who are going through difficult financial times. In the latest issue of its Claims Review,...

13/04/2012

ITIC says shipbrokers must protect commission entitlement

International Transport Intermediaries Club (ITIC) says the current global economic downturn means that shipbrokers will have to be particularly careful to ensure that their entitlement to commission is properly protected. In...

30/03/2012

Ship agents under increasing pressure from telex releases

International Transport Intermediaries Club (ITIC) says that mistakes in arranging so-called ‘telex releases’ are a frequent and growing source of claims against ship agents. ITIC points out that this practice – whereby liner...

22/03/2012

ITIC says professional indemnity cover essential in litigious shipping industry

International Transport Intermediaries Club (ITIC) has warned that, in today’s increasingly litigious business environment, there is a growing need for shipping professionals to have third-party indemnity insurance cover. This...