Press Release: November 2015 - Liner agent’s slip-up results in hefty fine by US Customs & Border Protection
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.
Press Release: October 2015 - Underwriters fall out with expert witness over valuation of fire-damaged vessel
International Transport Intermediaries Club (ITIC) has reported a case in which hull & machinery insurance underwriters instituted proceedings against a marine consultancy firm for alleged negligence in failing to properly review shipyard quotes in respect of the cost of repairing a fire-damaged vessel.
Press Release: October 2015 - Shipping experts identify realities of risk in ITIC panel debate
The need for proper training, sound risk management, and contractual expertise were among the issues identified as essential to commercial success in a panel debate following the annual board meeting of the International Transport Intermediaries Club (ITIC) in Athens on 24 September. The panel, moderated by ITIC’s underwriter for Greece, Robert Hodge, and comprising Tim Jones of Barry Rogliano Salles (BRS), Bob Bishop of V Ships, Bjorn Tonsberg of Wilhelmsen Ships Service and Paul Herring of Ince & Co, was asked to debate The Realities of Risk, and what kept them awake at night.
Press Release: September 2015 - Chemical tanker owner fails in claim against agent for low-sulphur fuel costs
International Transport Intermediaries Club (ITIC) has reported a case in which the owner of a chemical tanker made an unsuccessful claim against a port agent for costs incurred in taking on additional low-sulphur fuel at a European port.
Press Release: August 2015 - Brazilian ship agent wins ITIC-sponsored FONASBA Award
The FONASBA Young Ship Agent or Broker Award 2015, sponsored by International Transport Intermediaries Club (ITIC), has been awarded to Renan Quieroz of Wilson Sons Ltda, Brazil. Aleksandra Obucina of Agent Plus D.o.o, Serbia, was also awarded a special ‘highly commended’ award for his submission.
Press Release: May 2015 - Naval architects count the cost of ship design errors
International Transport Intermediaries Club (ITIC) says recent claims experience demonstrates that naval architects need to be aware of the need to protect against their exposure to liability for damages resulting from errors in design work.
Press Release: May 2015 - Shipbroker loses interest but secures commission on sale by rival broker
International Transport Intermediaries Club (ITIC) has recently successfully settled a dispute over ship sale commission on behalf a shipbroker accused by a shipowner of incompetence.
Press Release: April 2015 - Ship manager fined for breach of US sulphur emissions regulations
International Transport Intermediaries Club (ITIC) has confirmed that a ship management company has been fined over a quarter of a million dollars in connection with a breach of clean air regulations in the United States.
Press Release: March 2015 - ITIC warns on fraudulent diversion of funds
International Transport Intermediaries Club (ITIC) says fraudulent diversion of funds is on the increase in the maritime sector.Having previously issued a warning about the fraudulent diversion of port expenses, ITIC says it is now seeing evidence of similar frauds being perpetrated across the wider marine industry. In a typical such fraud, the party due to make a payment will receive a bogus message altering the recipient’s bank details...