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ITIC circular: Guidance on Letters of Undertaking for ship agents

ITIC circular: Guidance on Letters of Undertaking for ship agents

ITIC Circular Tuesday 3rd February 2026 Guidance on Letters of Undertaking to provide security when facing claims for owners’ issues Introduction ITIC insures many ship agents around the world.

ITIC IN THE NEWS - Don’t take amendments at face value - article from the ICS Shipping Network magazine

ITIC’s Andrew Jamieson and Melanie Thomas explain why a little knowledge can help prevent fraud Fraudsters use brokers, agents and ship managers as a vehicle for crime.  The result leaves them

The contribution of shipbroking research to the shipping industry

A personal view by Dr. Philip Rogers, MD of SSY Consultancy & Research Ltd With so many shipping decisions driven by “gut feeling” and instinct, what is the role of shipbroking research today?

The importance of KYC for ship managers

The importance of KYC for ship managers

By: Robert Hodge, General Manager, ITIC The importance of processes around the topic of Know Your Client (KYC) is growing rapidly. Ship managers must ensure compliance with international regulations

Designated Person - Insurance or not?

This article is primarily concerned with a Designated Person within a ship manager’s office as it is their concerns that need to be addressed. The real question is not so much one of whether the

Whistleblowers, Oily Water and Ship Managers

… them arising out of or in connection with the performance of…

Debt collection service – some practical guidance

ITIC’s Rule 10 provides ship agent and ship broker Members with cover for additional legal expenses and debt collection. This article (in the form of an interview) provides an insight into how the

Helpdesk at ITIC

In addition to the comprehensive insurance provided by the Club, all Members have access to free advice and guidance from the Club’s “Helpdesk”. The staff of ITIM, ITIC’s management company, have all

Snakes and Ladders

After forty years in the industry, Gordon McMillan, managing director of Dublin-based Leinster Shipping (Agencies) Ltd., and chairman of the Institute of Chartered Shipbrokers talks about his love

Claims commentary

Claims commentary

The graph opposite shows the number of claims reported to ITIC in policy years 2004 to 2012. Indemnity files are those claims upon which ITIC may pay both a claim and the related legal fees. This