1837 results:

An unusual letter of indemnity

A ship owner demanded that a ship agent in West Africa sign a Letter of Indemnity in his favour before the ship arrived at the port. The Letter of Indemnity was, according to the ship owner, a

Press release: Port agents should keep principals informed of increased costs to avoid payment delays, says ITIC

International Transport Intermediaries Club (ITIC) warns port agents to inform their regular principals of port fee and tariff increases, even if the details are in the public domain. This will avoid

Right number, wrong box

ITIC received notice of a claim faced by a liner agent at an African port. The agent had arranged for cargo to be delivered to an inland destination in a forty foot container leased by his principal.

Press release: Complacency can cost, warns ITIC

Press release: Complacency can cost, warns ITIC

ITIC (International Transport Intermediaries Club) warns brokers and agents that allowing complacency to creep into their daily activities has the potential to cost them dearly.  A recent

An innocent surveyor has to pay

A surveyor in Australia was appointed by a bank. The instructions provided to the surveyor were clear. They were to confirm the value of the vessel being built at a local yard and to certify to the

Press release: Be conditioned to check conditions, warns ITIC

Press release: Be conditioned to check conditions, warns ITIC

International Transport Intermediaries Club (ITIC) - a mutual insurer that provides professional indemnity cover for transport intermediaries operating in the marine, offshore, renewable and aviation

International Debt Collection

ITIC’s Members often provide services to foreign companies who are sometimes totally unknown to them. When left with a debt from such a company, obtaining payment can be extremely difficult,

Failure to notify agency status

A ship manager in South East Asia ordered bunkers to be supplied at Chittagong on behalf of one of its shipowner clients. Unfortunately, the shipowner did not pay the bunker costs of approximately

Press release: ITIC warns ship managers of the dangers of management mistakes

Press release: ITIC warns ship managers of the dangers of management mistakes

International Transport Intermediaries Club (ITIC) – a mutual insurer that provides professional indemnity cover for transport intermediaries operating in the marine, offshore, renewable and aviation

Who pays the stevedores?

A port agent in the Middle East appointed stevedores on behalf of the shipowner. It was only when he sent the invoice to the shipowner that the agent discovered that the cargo had been booked on a