1837 results:

When is a ship not a ship?

Perhaps more accurately in this instance, the question is really when does a ship cease to be a ship for the purposes of arrest. This was the issue addressed by the Ghent Court of Seizures. A

Escrow Accounts

ITIC has seen an increasing number of sale and purchase brokers being asked to hold deposits on behalf of the buyers and sellers. While not yet a feature of a large number of transactions, the

MARITIME LIENS

There is a common misconception among ship agents that all disbursements incurred by a ship owner or a time charterer constitute a maritime lien which is automatically enforceable against the ship

ARRESTING FOR SHIP BROKERS’ COMMISSION

In the March 2000 edition of “The Intermediary” we reported on major changes to the law affecting ship brokers’ commission, as was brought about by the coming into force of the Contracts (Rights

Ship Arrests

The port agent who is unfortunate enough to be appointed by the owner or charterer of a ship which is arrested immediately it arrives at the port, can face unforeseen and adverse consequences. The

THE MARSHAL SOMETIMES GETS IT WRONG

A ship agent Member of ITIC was recently appointed by the local Admiralty Marshal to act for a ship under arrest.  Once the agent obtained the disbursement vouchers he tendered his account for

Welcome to the shipbroking edition of The Wire.

Inevitably, recent times have been dominated by the fall in shipping markets. These articles, therefore, mainly reflect the difficulties created by the current economic situation. Many brokers have

Introduction contracts: cutting out the middleman

Now and then a broker might get to hear of a ship sale or other shipping transaction which has gone through, and the details of which sound familiar. Wasn’t that the transaction he had introduced and

Switch bills of lading

The practice of issuing switch bills of lading is increasing. What are they, why are they issued, and what are the risks?A "Switch bill of Lading" is issued by, or on behalf of, the carrier

Loss of Commission Cover

Loss of commission insurance is as essential for shipbrokers and ship managers as business interruption protection insurances are to other businesses. The loss caused by, for example, the sinking of