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To see the article as it appears in Insurance Day, please click here Benchmarking legal costs There is a danger cover levels purchased a decade ago by those in the shipping industry may now prove

Specialist transport intermediary insurer, ITIC, has warned shipbrokers that they face the risk of serious financial loss if they fail to ensure that all parties to fixture agreements are in

A number of claims against shipbrokers are caused by a failure to take care who a message is addressed to. One example is the broker using the “reply” button, instead of “forward” in email

Date: Monday 17th August 2020 To Indian ship agents and their insurance brokers Ship agents no longer liable for any deficit or short-fall in the sale proceeds of un-cleared or abandoned cargo.

The German agent of a Far Eastern shipping line took delivery of four 40 foot containers, each holding 368 TV sets.  Each container was covered by a separate B/L which showed 'C' as the shipper

The following circular has been produced by the UK P&I Club in regards to the latest sanctions imposed by the EU on Russia: QUOTE On 15 March 2022 the EU adopted a fourth package of sanctions in

The FONASBA Young Ship Agent or Ship Broker of the Year Award (YABA) 2023 is now open, which ITIC is proud to sponsor.  Since 2022, the Award has been open to anyone working in the ship agency

The FONASBA Young Ship Agent or Ship Broker of the Year Award (YABA) 2025 is now open, which ITIC is proud to sponsor. Full details of the criteria for 2025 Award can be found below: PURPOSE: The

A marine surveyor received a telephone call from a marine insurance broker requesting the survey and valuation of a 17 year old yacht for insurance purposes.  He was told that the yacht had just

Sale and purchase brokers representing the sellers of a vessel received a list of questions from the buyer's brokers including one as to whether the ship's underwater parts were painted with