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In many trade contracts, where the specification of the product is important, buyers and sellers will often agree that the quality will be determined by an independent expert and that the expert's

I have been asked to go to a mediation. Do I have to go – and what is it? Thanks for this question, and it is something we are regularly asked. I am actually a big fan of the mediation process and

A ship passed through the Suez Canal, and the agent's principal, a Canadian charterer who he had acted for on several previous occasions, confirmed that the transit fees of US$100,000 payable to the

A chartering broker arranged a Contract of Affreightment (COA) between a Japanese owner and an American charterer (the first charterer). Under the terms of COA the owner had to offer one ship per

ITIC BOARD OF DIRECTORS The Club has announced the retirement of Erik Nes from its Board. Mr. Nes retired at the meeting in London in March 2005 after 10 years as a Director of ITIC. He was

Dear members  I am pleased to report that the 26th financial year of ITIC has produced a strong surplus.  ITIC, combined with its mutual reinsurer TIMIA, returned US$18.2m for the year to

A ship agent received instructions from their principal to arrange transit through the Panama Canal, from Balboa to Cristobal (northbound direction). The agent made the arrangements via the Panama

ITIC’s usual involvement with reefer containers is when they are set at the wrong temperature and their contents spoiled. We are grateful to A.P. Moller for allowing us to reproduce an article from

Professional Indemnity (PI) Insurance provides cover for aviation professionals for claims which are brought against them for losses suffered by their customers as a result of their negligence, error

A ship owner can either place the insurance of his ship with underwriters himself or alternatively pass the responsibility of insuring the ship onto the ship manager under the ship management