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Claims commentary

The number of indemnity claims reported during the 2018 policy year (1st June 2018 to 31st May 2019) was approximately 5% higher than reported in the previous year but the total is consistent with

Press release: Significant port cost miscalculation leads to a six-figure loss covered by ITIC

Press release: Significant port cost miscalculation leads to a six-figure loss covered by ITIC

In a recent case underscoring the essential nature of precise cost estimation in maritime logistics, ITIC (International Transport Intermediaries Club) has settled a US$140,000 claim resulting from

Watch out, there’s a thief about!

… about any queries in connection with ‘his business’,…

Faulty chart blamed for Sea Diamond sinking

AN INVESTIGATION into the causes of the Sea Diamond casualty off the Aegean island of Santorini in April last year appears to have cleared the Louis Group, which owned and operated the ship, and the

Signing off...

Many ITIC ship agent, shipbroker and ship manager Members become needlessly involved in matters which should only concern their principals because of carelessness in the way that they represent

Press release: Don’t confirm freight arrangements without permission from your principal, says ITIC

Press release: Don’t confirm freight arrangements without permission from your principal, says ITIC

A recent claim covered by ITIC (International Transport Intermediaries Club) highlights the importance of an intermediary confirming freight arrangements prior to advising their principal. In this

Ship Management International column March/April 2018 - Watch out, there's a thief about!

… about any queries in connection with ‘his business’,…

Reports alone are not enough

ITIC regularly deals with claims against ship managers involving the poor condition of a vessel and allegations of how the defects had not been drawn to the owner’s attention. The owner will then

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

A routine ship on a special call, outside the normal liner schedule, turned into a costly oversight for a liner agent, resulting in unexpected expenses of US$135,000 – ultimately reimbursed 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. The case involved a