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Our Ref: 93/6/1 June 1993 To: Ship Broker Members Dear Sirs, In recent months the Managers have become concerned about the increasing number of claims on brokers arising from the submission

ITIC is always available to give a practical view of documents that you are asked to sign. ITIC will shortly be circulating a Guide to Ship Agency Contracts and a Guide to Ship Management Contracts.

The most common claims against tanker brokers involve demurrage statements which have been received by the ship broker, but allegedly, not passed on to the charterers within the time limit set out in

The commercial manager of a tanker arranged a voyage charter. The fixture was recorded in a recap message and was based on the BP Voy 4 form of charterparty with a large number of amendments and

Upon request from cargo owners, a ship agent was asked to change the final destination on four bills of lading from Hong Kong to Singapore. The agent updated the information in the owner’s software

Following the discharge of the cargo from a ship a shipbroker was presented with an invoice for heating expenses amounting to US$ 70,000 by the owners to be passed on to the charterers. However, the

A naval architect had prepared drawings using CAD software and needed to send these to a company engaged to cut material using the architect’s drawings. The naval architect had not previously worked

Following the conclusion of two voyages, the owners sent two claims (heating and demurrage) to the brokers within the contractual time bar, with instructions for the broker to send

I have recently had a claim intimated against my company. What do I need to do in respect of getting you information? Thank you for your query. For many members, especially those who have never had

A well-presented, completed proposal form and an up to date CV. As an insurer of liabilities arising out of the mistakes made by an individual or a company, as part of our underwriting