The Wire is ITIC’s online publication. The e-newsletter is published and sent to insured members of ITIC and their brokers several times a year, with each issue focusing on a different area for transport industry professionals, including marine, aviation, rail, naval architecture and hydrography.
Ship management wire, October 2020
Welcome to this edition of The Wire, which focuses on ship management.
The following article appears in the January/February 2020 edition of Ship Management International.
Due to COVID-19, ITIC is often asked what a ship manager's liability is in situations such as crew being unable to clear through port immigration as a result of the various port restrictions we now see, and in particular, if such circumstances form a force majeure event. In this article, Robert Hodge discusses delivering on your crew against the backdrop of COVID-19.
It comes as a surprise to some ship mangers that they could face a claim after a ship has left their management. Under English Law, which applies to many ship management agreements, the standard limitation period is six years.
It is a fact that violent crime has significantly reduced over the last few years. Why is this? Criminals have not changed; they still want to get their hands on your money. The answer is that it is easier stealing money in cyber space than robbing a bank in the real world. Shipping will always be an attractive target for fraudsters because of its international focus. ITIC has seen this trend of cyber fraud ever increasing, particularly involving fraudulent emails. The average cost of these frauds is US$120,000...
- The Wire - Issue 32, December 2017 - Focus on ship management
- The Wire - Issue 31, November 2017 - Focus on naval architecture
- The Wire - Issue 30, June 2017 - Focus on marine surveying feat. ASG/ ITIC 10 wording
- The Wire - Issue 29, April 2017 - Focus on Australian insurance brokers
- The Wire - Issue 28, April 2017 - Focus on the Middle East