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New face at ITIM

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…

Ship Agents’ Liabilities “Himalaya” Clause or Standard Trading Conditions?

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…

Financial strength of ITIC

“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…

Liner Agency Contracts

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…

“Without Prejudice”

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…

Commission Insurance

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…

“Bolero” - the electronic transfer of commercial trade information

“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…

Issuance of Bills of Lading

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…

Liability as a Manager for Crew Negligence

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…

Intermediary News

We would like to draw attention to some problems reported by Members. Bogus crews for phantom ships In 1988 the Club issued a circular notifying Member in the European Community of several…