This early issue of the Intermediary contains the following chapters: ITIC Broker wins commission award in California Intermediary News - "Ship Agents Obligations and Remedies" BIMCO Residential Course New face at ITIM Ship Agents' Liabilities -"Himalaya" Clause or Standard Trading Conditions? Financial strength of ITIC Liner Agency Contracts "Without Prejudice" Commission Insurance "Bolero" - the electronic transfer of commercial trade information Issuance of Bills of Lading Liability as a Manager for Crew Negligence Please be aware that some data within this issue is now out of date, but for completeness it is still held on our website.

The Intermediary - February 1998

02/02/1998
An American shipbroker and Member of ITIC was recently awarded his full commission by a Los Angeles Federal Court in litigation with an American shipowner. ITIC assisted its Member in the recovery. In April 1990 a Long Beach...

02/02/1998
Shipbrokers and the Law Lloyds of London Press has recently published “Shipbrokers and the Law” written by Andrew Jamieson, legal advisor and director of ITIM, ITIC’s management company. The book sets out in a non-technical way...

02/02/1998
We are pleased to welcome Andrew Webster as a new member of the ITIM team. Andrew is a qualified shipbroker with a degree in geography. After taking his degree, Andrew began his shipping career in the offices of one of ITIC’s...

02/02/1998
Ship agents, like other professionals in the transport industry, need to limit their liability to an amount which is commensurate with their remuneration. Carriers by sea, air and land set out their contractual obligations and...

02/02/1998
“The Club’s strong financial position has allowed it to introduce the concept of a continuity credit” The financial strength of an insurer is becoming an ever more important consideration for the buyer of insurance and his...

02/02/1998
ITIC is frequently requested to review draft liner agency contracts which have been presented to its Members for signature. Regrettably, if not surprisingly, these are often biased in favour of the liner principal. This, of...

02/02/1998
ITIC is often involved in disputes between a Member and his principal or some other party. It is also common for Members to become involved in efforts to resolve disputes between their principals and other parties. A common post...

02/02/1998
The Club has received a number of enquiries from ship broker Members, either direct or through their insurance brokers, interested in insuring against loss of their commission. This insurance is particularly important for...

02/02/1998
“The ability to move from a paper to an electronic environment will provide significant benefits to all participants in international trade” It is estimated that currently three times more documentation is required to process...

02/02/1998
Having become concerned at the increase in the number of claims that it had received as a result of the incorrect issuance of bills of lading, the Club issued two circulars in 1996; one relating to the problems that may arise...

31/08/1999
The Club has seen a steady increase in the number of claims made against ship and crew managers that have arisen purely from the negligence of the crew. Claims arising from crew negligence should be covered by P&I or hull...

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