483 results:

Benefits of double-checking

… the freight rate on the basis of the shorter period the broker had given. The vessel was delayed in port. The laytime commenced later than the owner anticipated and the eventual shortfall in demurrage was…

Press Release: March 2015 - ITIC warns on fraudulent diversion of funds

…International Transport Intermediaries Club (ITIC) says fraudulent diversion of funds is on the increase in the maritime sector. Having previously issued a warning about the fraudulent diversion of port expenses,…

Fraud Watch

… amount as payment for fresh provisions. These would be delivered to the ship during her stay at the port. The ship agent agreed, as it was not an unusual request, and they received written confirmation from…

Welcome to this special edition of The Wire

… is the most effective lifeboat. Water integrity and the time the ship remained safe to return to port are as important to lifeboat technology.  Thanks to our panellists and all who attended this…

Agent joint in action for misdescription of origin

…The carriers of a cargo of 21 x 40' containers of acetate tow, which was discharged at a U.S. port from Brazil, instructed their local agents to arrange for the goods to be reloaded into containers belonging to another…

Intermediary News

…We would like to draw attention to some problems reported by Members. Bogus crews for phantom ships In 1988 the Club issued a circular notifying Member in the European Community of several instances where agents has…

Cyber Crime

…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 liability as a result of…

Ask the Editor

Ask the Editor

… have been had they been caused by the negligence of the owner). However, where a ship is detained by port state control due to issues with the vessel and is out of action for a period of time and the owner…

Ask the Editor

Ask the Editor

… contains the type of cargo, the shipper’s name, the date of receipt/loading on board, the port of loading and discharge and most importantly, a description of the goods, noting any marks or…

Payment problem

Payment problem

… MCA as soon as they had received the funds. They calculated the losses due to the ship being held in port during a weekend at £75,000. Owners appointed lawyers who sent several emails regarding their claim.…