Welcome to the October edition of ITIC's Claims Review
The ITIC board met for their September board meeting in Genoa. There was a drinks reception at the Hotel Cenobio dei Dogi which was well attended by many members, insurance brokers and important contacts.
ITIC’s member is a designer of fish farms. They designed a fish farm which was fabricated in Asia and delivered to the end user based in the UK.
A ship agent was presented with a correctly endorsed bill of lading by the consignee’s nominated clearing agent and in line with usual procedures issued the Delivery Order for clearing the cargo.
In the MYBA charter agreement if an owner sells the yacht after they have already agreed a charter they have to pay damages to the charterers. The amount of the damages depends on the amount of notice they give the charterers.
A port agent was asked by the Master of a ship what the sulphur requirements were at berth.
Interview with Ioanna Efthymiou
The newest member of the ITIC team Ioanna Efthymiou, trainee account executive, sits down with the Editor of the Claims Review for this interview.
A ship manager managed two ships for the same owner pursuant to two BIMCO Shipman contracts.
Gas field of dreams
An offshore surveying firm, offering geophysical surveys, signed a contract with an oil company for the provision of geophysical surveys and geotechnical surveys over offshore gas fields.
War! (risk premium) - Who is it good for? Absolutely not the broker if they forget to pass on the quote
A tanker was fixed for a voyage. The voyage included an option to call at an additional war risk premium (AWRP) area. As per the terms of the charter party the charterer was liable to pay the AWRP if the ship was to go to the area.
In respect of a voyage charter, the charterer nominated an ITIC member as the discharge port agent.