1837 results:

Post fixture clause for shipbrokers

ITIC has recommended a post fixture clause for brokers to place at the end of recap messages. The following wording was endorsed by FONASBA at its annual general meeting in Gothenburg: “Important:

ITIC Post fixture Clause

ITIC has recommended a post fixture clause for brokers to place at the end of recap messages. The following wording was endorsed by FONASBA at its annual general meeting in Gothenburg in October

Ship managers - errors when arranging insurance

One of the duties undertaken by ship managers is to arrange insurances. Shipman 98 provides that this shall be “on such terms and conditions as the owners shall have instructed or agreed, in

Code chaos

A shipper booked a shipment of 17 containers from Germany to China via Rotterdam, destination Jiangyin Terminal Fuzhou. The correct location code with the shipping line for this destination was CN

Underwriting commentary

Underwriting commentary

Positive Signs One of the unfortunate effects of a period of economic instability is that companies can lose money, to which a common reaction is to try to find another party to blame. The result is

Failure to obtain free pratique proves costly

A ship arrived in port and due to previously agreed arrangements, began discharging cargo prior to obtaining free pratique. This is known as a “quick start”. However, due to Covid-19 the port had

Consignee conundrum

Consignee conundrum

A ship was headed to a port of discharge to carry a petroleum product cargo. The charterparty contained a clause which allowed the charterers to change the port of discharge and subsequently the

Financial strength of ITIC

“The Club’s strong financial position has allowed it to introduce the concept of a continuity credit” The financial strength of an insurer is becoming an ever more important consideration for the

COVID-19 information and resources

A dedicated COVID-19 information and resources webpage has been created, to provide all members with advice on the topic. This page includes all of the circulars ITIC has released about Coronavirus

Aircraft lease managers and aircraft records

Aircraft lease managers and aircraft records

Maintaining comprehensive, up to date aircraft records is key to monitoring the aircraft on lease. Accurate records of all maintenance events carried out on the aircraft during the lease tenure allow