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2008 Press & Bulletins

ITIC urges shipmanagers to review their liability limitation provisions

Ahead of an impending revision of the standard industry shipmanagement agreement, the International Transport Intermediaries Club (ITIC) has urged shipmanagers to limit their liability to a sum which…

ITIC warns shipmanagers on lay-up liability

The International Transport Intermediaries Club (ITIC) has urged its shipmanager members to seek legal advice before entering into any contracts with owners relating to the laying-up of vessels.…

ITIC interventions show power of ship arrest

The latest Claims Review produced by the International Transport Intermediaries Club (ITIC) provides evidence that, although ship arrest should in many respects be considered a last resort in the…

Brokers under pressure on ship valuations in falling market

The International Transport Intermediaries Club (ITIC) says the fall in the shipping markets has created a number of difficult issues for ship valuers, with brokers in some cases even declining to…

ITIC maintains continuity credit payments to members

For the fourteenth year in succession, International Transport Intermediaries Club (ITIC) is to pay a continuity credit to all those members who renew their cover with the club during the 2009 policy…

ITIC warns brokers to be wary of 'first-class charters'

The International Transport Intermediaries Club (ITIC) has advised shipbrokers against using the term ‘first-class charterers’ when conducting fixture negotiations, following a claim made by…

2009 Press & Bulletins

Brokers required to sign formal undertakings as anti-corruption legislation bites

International Transport Intermediaries Club (ITIC) says that shipbrokers are being required to sign formal agreements with their principals in the light of a worldwide trend towards stricter…

Brokers exposed to liability as a result of email shortcomings

International Transport Intermediaries Club (ITIC) says that shipbrokers run the risk of exposure to substantial liabilities as a result of inadequate monitoring of their email communications. In…