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A ship broker received a freight invoice via email from owners for US$ 120,000. The bank account detailed in the invoice was the same account as that which had previously been used by owners with the

A yacht broker was responsible for receiving charter hire payments from the charterer and passing them on to the owner. The yacht was fixed to provide a cruise around the Mediterranean.

On a more global basis, ITIC has been seeing more cases of fraud being reported. Fraudsters use brokers, agents and ship managers as a vehicle for crime. The result leaves them exposed to a

ITIC became aware of a scam which was diverting pre-funded port costs to a fake bank account.  In each case the ship owner due to make the payment received an email advising that the ship

The graph shows the number of claims reported to ITIC for the five policy years to 31st May 2014. Claims are divided into two categories - indemnity and debt collection files. As can be seen, the

The need to interpret and comply with a range of environmental regulations is a growing feature of transportation businesses. The claims environment remains favourable. The number of reported claims

ITIC has warned its members about a recent spate of crew scams which threaten to involve unwary ship agents in significant financial loss and exposure to fines and penalties by immigration

Since it’s re-design in November 2001, the Club’s website has received thousands of visitors. Feedback, both directly from the site, as well as through more traditional channels, has brought about

Radio Netherlands interviews - Julia Mavropoulos ITIC’s circular titled “Ship Agents Beware! The ship calling for a crew change may involve illegal immigrants“ was well received by the Club’s

Bank mandate fraud is when a third party tricks you into sending a payment to a bogus account by impersonating the genuine organisation or individual. This is also known as “social engineering” and