General circulars

The General Data Protection Regulation (GDPR) will come into force on 25 May 2018 and will have direct effect in the European Union (EU), including the United Kingdom (UK) and the European Economic Area (EEA).

In May 2017, a circular was sent to all members and brokers explaining that ITIC would need to make arrangements in order to continue to trade in Europe after Britain’s exit from the EU.

ITIC would like to bring all members’ attention to today’s (Wednesday 29th November 2017) announcement from Clarkson PLC that it was subject to a cyber security incident, which involved unauthorised access to the company’s computer systems. In light of this, we would like to share the following advice....

A referendum was held on 23 June 2016 as to whether the United Kingdom should remain a member of the European Union.  A majority of the electorate voted in favour of the United Kingdom (“UK”) leaving the European Union (“EU”). 

At their meeting on 23rd March 2017, the Directors of ITIC approved the text of the 2017 ITIC Rules. In accordance with Rule 16.3 of the current 2012 Rules you are given notice of the changes to ITIC Rules.

ITIC would like to draw your attention to the recent extension of service tax to apply to freight received by foreign owners and charterers for goods imported into India. The imposition of this tax will have a significant impact on Indian ship agents. 

Hanjin Shipping Co. Ltd (Hanjin) applied for court rehabilitation in Korea on 31 August 2016. The Seoul District Court (Bankruptcy Division 6) issued a decision accepting the application and commencing rehabilitation proceedings the next day, 1 September 2016.

ITIC issued circulars to members in 2014 and 2015 in relation to the fraudulent diversion of port expenses, hire/freight payments and cash to master expenses through interception of email communications...

ITIC has previously issued three circulars to Members warning of fraudulent messages altering bank account details....

ITIC has previously issued two circulars to Members warning of fraudulent messages altering bank details. Unfortunately ITIC has continued to receive reports of these frauds and accordingly is reminding Members to be vigilant...