483 results:

ITIC Forum 2004

… Stephens, gave a sobering presentation on the new money laundering rules that now apply to all transport industry intermediaries in the UK. Despite severe penalties being in place for those who fail to comply,…

Approximate cause

Approximate cause

…This claim highlights the critical importance of timely and accurate communication, especially when handling contractual notices.

Press release: People traffickers target ship agents, warns ITIC

Press release: People traffickers target ship agents, warns ITIC

…ITIC - International Transport Intermediaries Club – is warning its ship and port agent members to be aware of approaches from people traffickers attempting to smuggle illegal immigrants through their ports.

Simple mistakes can lead to costly claims

… please click here. The article can be found on page 93: Charlotte Kirk of the International Transport Intermediaries Club (ITIC) looks at some recent examples of costly mistakes leading to claims against…

Persistence pays off for shipbroker in recovering charter party commission

…International Transport Intermediaries Club (ITIC) has illustrated how persistence can pay off for shipping intermediaries looking to pursue legitimate claims in today’s difficult financial climate. In the latest issue…

Press Release: October 2013 - ITIC issues warning on forged documents

… the forgery. The forged bills included clearly incorrect details, such as the name of the load port, and also spelling errors, including the name of the carrier. The agent had therefore been negligent in…

Press release: ITIC warns against letting speed affect accuracy

… charterers often request that the shipbroker fix the vessels to discharge at a specified number of ports within a defined range. But it’s important that the broker clearly understands the definition of that…

Claims Commentary

Claims Commentary

…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 claims situation in the…

No Notice of claim

… of claims against tanker brokers. Often wider claims clauses apply to insurance premiums, deviation, port costs and expenses and ITIC has settled liabilities arising from a failure to pass on these…

Press release: Conflicting laycan clauses cost shipbroker US$100,000; ITIC steps in

Press release: Conflicting laycan clauses cost shipbroker US$100,000; ITIC steps in

… claim, which ITIC has reimbursed. The case highlighted in ITIC’s recent Claims Review shows the importance of meticulous contract drafting and attention to detail in maritime agreements. Acting as the sole…