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Charterers who had entered a COA asked the shipbroker if they could increase the volume of cargo which had already been booked. The broker, who was working from home, contacted the owner via SMS to

ITIC is increasingly asked to comment on confidentiality agreements, sometimes known as nondisclosure agreements. The use of confidentiality agreements has always been common when parties are

A ship broker had entered into an exclusive commission agreement with a ship owner, which provided for commission of 5% to be paid to the broker on the sale of any of their fleet of vessels even if

Shipbrokers specialising in the offshore market arranged the charter of a semi-submersible “flotel” (a type of accommodation unit). The contractual period comprised two separate periods in successive

Ship brokers in Asia were due commission on the sale of a vessel for scrap. The buyers performance of the Memorandum of Agreement (MoA) was guaranteed by their Hong Kong based affiliate. The MoA was

A cargo recovery agent was engaged in relation to three containers of seeds that had arrived wet. The cargo had a total value of US$145,000. An initial survey concluded that the wet damage was

A container of frozen beef was carried on a liner service between Australia and China. Seven days after the ship departed Australia, the shipper realised that they had failed to obtain the necessary

A liner agent booked two containers for a shipping line, one with a cargo of bananas and one a cargo of shrimps, both for delivery to the same country. The ship agent created delivery notes for both

A shipbroker was asked to assist a buyer to place a bid in a judicial auction. Before proceeding the shipbroker was asked what their fee would be. The shipbroker said “typically our fee is 1% of the

A broker negotiated the sale of a fishing vessel. A Memorandum of Agreement (“MOA”) was signed between the buyers and sellers which included a clause providing that the broker would be paid 2% of the