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The Wire - Issue 12, February 2013 - Focus on P&I Club Correspondents, Marine Surveyors and Claims Professionals
The Wire is published and sent to insured members of ITIC and insurance brokers several times a year. This edition focuses on issues faced by professionals involved in the investigation or handling of transportation claims, including surveyors, loss adjusters, P&I Club correspondents, specialist investigators and expert witnesses.
ITIC insures over 70 P&I club correspondents globally. We are aware that at least one International Group club is considering that all their correspondents obtain professional indemnity insurance. We anticipa
A P&I club correspondent was requested to survey a cargo of 2,000 metric tonnes of bulk fertilizer, which had been contaminated by residues from a previous cargo.The correspondent, having carri
A recent case in the Australian Federal Court (Marine & Civil Construction Company Pty Ltd v SGS Australia Pty Ltd) serves as a reminder of the importance in ensuring that surveyors and consultants clearly and promptly notify the party instructing them of any limitations as to the services that the surveyor or consultant is to provide, before the contract for the provision of services is concluded.
Sometimes ITIC’s surveying members will be asked by a ship owner, with whom they have no contract, to sign an indemnity, disclaimer, waiver or release before they are granted access to the vessel. This is obviously a very different situation to when the surveyor is agreeing terms between themselves and their own principal.
In many trade contracts, where the specification of the product is important, buyers and sellers will often agree that the quality will be determined by an independent expert and that the expert's findings shall be "final...
Marine surveyors based in the Far East were instructed by the insurers of a cargo of HRSG harps (which are metal tube modules used in power generation) to conduct a pre-shipment inspection and to advise on loading and stowage....
Whenever you are appointed by a client, you must ensure that your terms and conditions are incorporated in your contract, if it is possible to do so. ITIC’s recommended Standard Trading Conditions for Surveyors a
Everyone makes mistakes...
Could your business deal with a claim for negligence?