Welcome to the April edition of ITIC’s Claims Review
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. 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.
Sadly, since our last edition issues in Ukraine have deteriorated. A dedicated webpage has been created which collates updates, circulars and other material relevant to the current conflict in Ukraine: https://www.itic-insure.com/knowledge/russia-ukraine-conflict. To date, ITIC has issued five circulars and produced two podcasts on the topic. If members become aware, or have concerns, that clients and/or parties in a transaction have become subject to sanctions, or you are concerned as to whether the sanction regimes apply to any specific transactions, we recommend that specialist sanctions legal advice be taken as soon as possible.
New episodes of ITIC’s podcast series, ITIC Insight, continue to be released and uploaded to all of the major podcasting platforms, including Spotify, Apple Podcasts and Google Podcasts. Episodes are hosted by members of the ITIC team, exploring key topics with external guests, including: terms and conditions, UK customs post-Brexit, switch bills of lading and a look to the future of naval architecture. You can find all episodes here: https://www.itic-insure.com/knowledge/podcasts/
We would like to extend our thanks to those of you who continue to submit questions for our “ask the editor” feature. Please send any questions that you may have to askeditiorCR@thomasmiller.com
This edition of the Claims Review provides a selection of marine cases recently handled by ITIC. We hope that these case stories will be of interest to you and will also help you to identify potential problems in order to avoid these types of situations occurring in your businesses.