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An indication of how parties to shipping contracts can incur substantial losses in a fluctuating market, as a result of insufficient attention to contractual detail, is provided in the latest Claims

The International Transport Intermediaries Club (ITIC) says suppliers of goods and services in the marine industries are increasingly turning to shipmanagers for settlement of their bills when

International Transport Intermediaries Club (ITIC) says that mistakes in arranging so-called ‘telex releases’ are a frequent and growing source of claims against ship agents. ITIC points out that

International Transport Intermediaries Club (ITIC) says the current global economic downturn means that shipbrokers will have to be particularly careful to ensure that their entitlement to commission

ITIC has warned that onerous documentary disclosure rules in the US courts can drastically increase the cost to shipping interests of defending even without-merit claims. In the latest issue of

ITIC says P&I correspondents are coming under increasing pressure from clubs and from third parties to ensure that they have professional indemnity insurance. In the latest issue of its

ITIC has highlighted the value of diligently pursuing the collection of shipping industry debts in today’s difficult economic climate. In its latest Claims Review, ITIC notes that a shipbroker

ITIC has warned ship managers of the potentially severe financial implications of nominating unsuitable ships for the carriage of specific cargoes.  In the latest issue of its Claims Review,

ITIC has reminded ship agents and other shipping and transport intermediaries that, in today’s highly competitive industry, they run the risk of being sued even when they are not at fault. In the

ITIC has recommended that brokers place a post-fixture clause at the end of recap messages in order to reduce the chances of exposure to severe financial loss as a result of important messages being