Press Release: December 2013 - ITIC says broker follow-up is vital in fluctuating markets
ITIC says that the failure of shipbrokers to follow up on time-sensitive messages can have serious financial consequences, particularly in fluctuating spot markets.
Press Release: November 2013 - ITIC warning for ship managers on unsuitable cargoes
ITIC has warned ship managers of the potentially severe financial implications of nominating unsuitable ships for the carriage of specific cargoes.
Press Release: October 2013 - ITIC issues warning on forged documents
ITIC has warned shipping intermediaries to be on the look-out for cleverly forged documents which could result in them being held liable for substantial claims by cargo interests.
Press Release: August 2013 - ITIC puts ship agents on alert over immigration crew scams
ITIC has warned its members about a recent spate of crew scams which threaten to involve unwary ship agents in significant financial loss and exposure to fines and penalties by immigration authorities.
Press Release: May 2013 - Invoicing error sees shipbroker saddled with bill for bunker supply
ITIC has revealed how an invoicing error led to a shipbroker being asked to foot the bill for a bunker supply amounting to more than three-quarters of a million dollars.
Press Release: April 2013 - ITIC highlights value of diligent debt collection
ITIC has highlighted the value of diligently pursuing the collection of shipping industry debts in today’s difficult economic climate. In its latest Claims Review, ITIC notes that a shipbroker acting for charterers was owed...
Press Release: March 2013 - ITIC warns on costs of US documentary disclosure
ITIC has warned that onerous documentary disclosure rules in the US courts can drastically increase the cost to shipping interests of defending even without-merit claims.