483 results:

Wrong tariff used for container demurrage

…Twenty-six containers were discharged in Antwerp and the port agents were requested by the consignees' forwarder to quote the daily demurrage rate per box.  Their principal's rate was US$ 42 per box but the…

An underestimated letter of guarantee

…A South American port agent acted for a ship that discharged a bulk cargo at his port. There was a cargo shortage in an amount that exceeded the customs allowance, which meant that there would be customs duty and…

Press release: ITIC steps in after scheduling oversight costs of US$135,000 to liner agent

Press release: ITIC steps in after scheduling oversight costs of US$135,000 to liner agent

… agent, resulting in unexpected expenses of US$135,000 – ultimately reimbursed by International Transport Intermediaries Club (ITIC). The incident began when a liner agent received advance notice of an inbound…

Yet another wrong number – US$600,000

… which should have been carried on deck, being stowed under deck.  When the ship reached the hub port, smoke was emerging from the hatches. The ship had to be completely discharged, and was delayed for a…

Conflicting clauses

Conflicting clauses

… and the fixture was agreed containing both clauses. Ultimately, the ship was facing delays at the port of discharge (of the cargo for the previous fixture) meaning owners thought they would miss the existing…

Press Release: ITIC urges shipbrokers to check internal communications systems

…International Transport Intermediaries Club (ITIC) says communication failings within shipbrokers’ organisations can result in important instructions from principals being overlooked, leading to potentially costly…

Cash in Transit and Money Insurance

…Shipowners often require their agents or managers to deliver cash to ships whilst in port. The risks are obvious. The ship agent or ship manager needs insurance to cover cash when it is temporarily in his custody,…

Defrosted Shrimps

… containers or failure to arrange for reefers to be plugged in to the electricity supply at the port have tripled from those reported in the previous decade. More than USD 3,000,000 has been paid out by…

Press release: ITIC warns on the importance of checking crew COVID-19 tests

Press release: ITIC warns on the importance of checking crew COVID-19 tests

…ITIC - International Transport Intermediaries Club – highlights the importance of thoroughly checking the results of crew COVID-19 tests in a recent case handled by the insurer.

Debt collection insurance

…In the last 20 years, ITIC has recovered more than US$ 145 million in unpaid commission, outstanding port disbursements, survey fees and other debts for ITIC Members. The insurance pays the legal costs of pursuing the…