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A ship performed a charter and was then redelivered within the normal redelivery period as agreed under the charter party. Shortly thereafter, the owners commenced insolvency proceedings and the

A crude oil tanker suffered an explosion during repairs in the UAE resulting in severe damage to the vessel. An extensive investigation was conducted by the UAE authorities and the matter was closed

A ship had been fixed by a shipbroker, who then received notice from the charterer to cancel the fixture due to the closure of Ukrainian ports as a result of the Russian conflict. The charterparty

A shipbroker advised ITIC that they were owed US$ 68,000 of commission from a sale and purchase of a ship. They had acted as the buyer’s broker and had signed a commission agreement with the

A shipbroker fixed a ship between owners and charterers which was due to load grain from Ukraine. Shortly thereafter they received notice from the charterers to cancel the fixture as the Ukrainian

A ship agent was asked by the owners of a ship which was in difficulties in the Atlantic to arrange tugs to attend to the ship. The agent arranged for tugs to attend the ship, but the ship

In respect of a voyage charter, the charterer nominated an ITIC member as the discharge port agent. The charterer asked the agent to confirm storage costs for the cargo up to such time when the

An aviation technical consultant and asset manager were insured, amongst other activities, for the provision of aircraft engine borescope inspections. They entered into a contract with a lessor for

A number of Members who are sale & purchase brokers have approached us to report that banks are expressing a reluctance to open accounts in the names of buyers or sellers for sale and purchase

The work of many of ITIC’s members, particularly those involved in design, such as naval architects, involves intellectual property rights and obligations. Obviously, members cannot deliberately