Shipping pool managers
Pool managers in many parts of the world have ITIC professional indemnity insurance.
This specialist area requires insurance providers who are familiar with its needs and can demonstrate first-hand knowledge supported by frontline experience.
ITIC fits the bill.
Cases that ITIC has handled for pool managers have resulted from:
- fixing for a ship for a port prohibited under the time charter party
- fixing a ship for a cargo, which the ship was unable to carry;
- incorrect description of ship’s speed and consumption;
- failure to forward demurrage statement within time-bar;
- failure to collect freight.