483 results:

Bill of Lading Fraud (Circular 2001/ 02)

… on board" before the cargo is loaded.  In some cases before the ship arrives at the port or even in the knowledge that the cargo has been shut out from the voyage in question; under deck bills…

Debt Collection Insurance

…In the last 20 years, ITIC has recovered more than USD 130,000,000 in unpaid commission, outstanding port disbursements, survey fees and other debts for Members. The insurance pays the legal costs of pursuing the debt.…

Fraudulent release of electrical goods

… East to South Africa, and from there by rail to another African country. The agent at the discharge port released all three containers to the same consignee, who failed to produce any of the original bills of…

ITIC Circular: Fraud Warning - April 2016

…ITIC issued circulars to members in 2014 and 2015 in relation to the fraudulent diversion of port expenses, hire/freight payments and cash to master expenses through interception of email communications...

Not without interest

… was not reimbursed until many days later. The line eventually set up their own agency company at the port and fired the original agent. The agent, when finalising their accounts, calculated that they were owed…

January sails - everything must go!

…The owner required two spinnakers to be taken off the yacht and forwarded for repairs at another port. The agent was asked to arrange temporary storage until the repairs couldbeorganised.The agent instructed their…

A question of freight – who pays?

…Due to various amendments required by the shipper, liner agents at a load port in South America found themselves reissuing an original bill of lading for a consignment of bananas destined for the United Kingdom no less…

January sails - everything must go!

… owner required two spinnakers to be taken off the yacht and forwarded for repairs at another port. The agent was asked to arrange temporary storage until the repairs could be organised. The agent…

System overload

…It is important that Members ensure that their systems can cope with the pressures upon them. A liner company introduced a system for worldwide container control. The Member was one of their agents and a single terminal…

Associated Companies

… corporate services were provided. Another director was also asked to sit on the Board of the local Port Authority.  Rather than rely upon any other D&O policy, both directors agreed an “associated…