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ITIC has issued several circulars to members since 2015 warning of fraudulent messages altering bank details and the fraudulent diversion of port expenses, which can be seen here. Unfortunately ITIC

It is important that Members ensure that their systems can cope with the pressures upon them. A liner company introduced a system for worldwide container control. The Member was one of their agents

A ship broker fixed a tanker for a two-year period to charterer ABC. It was subsequently renewed for a third year. During the course of the third year the brokers arranged a subcharter to XYZ. The

The name of the yacht has been changed to a fictional name. A banker wished to charter a yacht for a holiday. ITIC insured the yacht broker acting for the charterer who provided details of a yacht

The recent ITIC Claims Review highlighted some of the claims that the Club has seen arising out of the use of e-mail. The Claims Review reported that to date ITIC has seen little overall increase in

The proliferation of communication by e-mail has made our lives both easier and more difficult.  It is now easier and cheaper than ever to communicate with business partners in all parts of the

ITIC has seen a sharp increase in the number of lay-up contracts that we have been asked to review. Some of these lay-up agreements are based on an amended ship management contract where the manager

Read demurrage clauses carefully: Always thoroughly review the demurrage clauses in the charterparty to understand the specific deadlines and requirements. Note email addresses: Pay attention to

A banker wished to charter a yacht for a holiday. ITIC insured the broker acting for the charterer who provided details of a yacht MY PARADISE to them, which had been received from the yacht’s

Brokers had acted on behalf of charterers in respect of a voyage charter from Nigeria to the US Gulf.  In subsequently negotiating the terms of a preliminary round trip whereby the charterers