483 results:

Appointing party and ship owners: company confusion

… Petersburg. The appointment message simply read “please advise D/A, restrictions and timetable in your port for our ship going to discharge about ABT 1,700 mts from Amsterdam”. Advance funds were requested but…

Unusual demurrage notification

…hipbroker member of ITIC fixed a tanker for a voyage from the Black Sea to Singapore. Delays at the discharge port resulted in a demurrage claim of USD 217,000. The charterparty contained the usual provision that any…

Sinking feeling for tug owners

Sinking feeling for tug owners

… received no response. ITIC noted that another ship operated by the same owner was heading to a French port. France is considered an “arrest friendly” jurisdiction as it usually allows for the arrest of sister…

Professional liability insurance

… be that the ship owner or charterer. This liability arises as a result of either local law or port statute (statutory liabilities). Examples include cargo claims, payment of freight tax, customs duty and…

Business as usual after Brexit

… service to which they have become accustomed. To be able to continue to use the financial services “passport” we established that the most effective and efficient way for ITIC to establish a presence within the EU…

ITIC circular: Iranian sanctions

… mainly concerns shipping, oil, banking and insurance, including, but not limited to: i.  Iran’s port operators, and shipping and shipbuilding sectors; ii. Petroleum-related transactions, including the…

Indian tax

…A vessel was fixed on voyage basis from one Indian port to another. During negotiations, before the owners made a firm offer on the freight rate, they asked their broker whether Indian freight tax would be the same for…

Incapacité d’un courtier à communiquer les instructions de transport à la bonne partie

… navire, choix qui fut confirmé par les affréteurs, et ces derniers donnèrent des instructions de transport prévoyant que le navire devait se présenter au port pour le 13/14 novembre. Le 10 novembre ou aux…

ITIC circular: Brexit update October 2018

… service to which they have become accustomed. To be able to continue to use the financial services “passport”, we established that the most effective and efficient way for ITIC to establish a presence within the…

Press Release: May 2014 - ITIC issues fake agency accounts warning

…ITIC has issued a warning to shipping and transport intermediaries about a scam currently being perpetrated whereby pre-funded port costs are being diverted to a fake bank account.