1837 results:

Naval Architect left with the bill

A naval architect entered into an agreement in 2007 to design a jetboat. The company that built the boat did not have any insurance, although the naval architect was not aware of this

Professional Indemnity Insurance for P&I Club Correspondents

ITIC insures over 70 P&I club correspondents globally. We are aware that at least one International Group club is considering that all their correspondents obtain professional indemnity

Settlement Without Authority

A P&I club correspondent was requested to survey a cargo of 2,000 metric tonnes of bulk fertilizer, which had been contaminated by residues from a previous cargo. The correspondent, having

Missed messages

Missed messages

A shipbroker received a demurrage claim of US$80,000 by email to their fixture email address, “chartering@shipbroker.com”. However, the recap stipulated that all claims must be sent to

ERIKA

ERIKA

The Maltese-flagged oil tanker ERIKA broke apart off the west coast of France and severely polluted the French coastline in December 1999. Alongside others, the French State sued

Rotation refusal

Rotation refusal

A shipbroker was instructed by their principal to find a ship to perform a shipment under a Contract of Affreightment (COA) which their principal had entered into with a trader. Once the trader

Signing off on purchase orders as 'agents only' (Ref 0208)

This circular was originally issued in 2008, but this advice still remains valid in 2020: Our Ref: 0208 December 2008 To: Ship manager members of ITIC and their insurance brokers Ship managers

Drafting pro-forma disbursement accounts

ITIC has recently received a number of enquiries from ship agents who have experienced problems with principals not settling disbursement accounts in full because they are different from the pro

Claims commentary

The number of indemnity claims reported during the 2017 policy year (1st June 2017 to 31st May 2018) is lower than in the previous year. This is the third consecutive reduction in the number of

Lost leather and dodgy depots

Fifteen pallets of leather were stolen from a depot in Argentina. The ship agent was held jointly and severally liable with the ship owner for the value of the cargo, which was USD 260,000. The ship