Displaying results 51 to 60 out of 578
18/10/2022
A shipbroker advised ITIC that they were owed US$ 68,000 of commission from a sale and purchase of a ship.
A shipbroker acted for both the owners and charterers in a fixture. Different shipbrokers within the company acted for each party.
A Ship Sanitation Control Exemption Certificate (“SSCEC”) was due to expire in two months’ time. The ship manager made inquiries for renewal of the SSCEC at the next port.
Welcome to the October edition of ITIC’s Claims Review. The first Claims Review of the new Carolean age.
03/05/2022
Welcome to the April edition of ITIC’s Claims Review. The complete ITIC board successfully met in person, for the first time since 2019, at the end of March in Athens.
28/04/2022
Unsurprisingly, we have had many emails asking us about sanctions over the last few months. This particular question summarises the issue we have seen quite well: “As a shipbroker, we are concerned about the numerous different sanction regimes in place in respect of the Ukraine/Russia conflict. How do you suggest we protect our position?”
A ship agent received instructions from their principal to arrange transit through the Panama Canal, from Balboa to Cristobal (northbound direction). The agent made the arrangements via the Panama Canal Authority (PCA), however, after they had done so they realised that they had arranged Cristobal to Balboa (southbound direction) in error.
The complete ITIC board successfully met in person, for the first time since 2019, at the end of March in Athens. The board meeting was followed by a drinks reception, which was well attended by over 80 members, insurance brokers and other important contacts. It was nice to finally see so many of our members in person at an event.
A shipbroker arranged a contract of affreightment (“COA”) between owners and charterers. The COA ran for the 2020 calendar year and provided for a minimum of 4 and maximum of 12 shipments per quarter in charterers’ option.
A marine surveyor was contracted to carry out a valuation of a vessel for an IPO. The valuation was agreed to be based upon a visual inspection only. The valuation was included in the IPO prospectus and various parties made investments in the company. The market at the time was difficult and ultimately the single owning vessel company entered into administration.