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Superyacht Wire introduction

ITIC is the leading provider of professional indemnity insurance to superyacht professionals, insuring more than 100 companies worldwide. The team at ITIC has a thorough understanding of the risks,…

There is a lot at stake

A yacht broker acted for potential buyers in negotiations for the purchase of a superyacht. An MOA was entered into, where the yacht broker agreed to act as stakeholders for the buyers’ deposit of…

Stick with Shipman for Superyachts

In a recent article in a superyacht publication, a lawyer suggested that as yachts were very different to oil tankers, BIMCO Shipman 2009 (Shipman) was not a suitable document to use. ITIC…

Incorrect calculations

A naval architect was appointed to re-design and certify part of a mast support structure on a large sailing yacht. The naval architect had no involvement in the original design of the yacht. As the…

Remit regarding a refit

Remit regarding a refit

A yacht manager was contracted to provide crew management and ISM consultancy for a superyacht. Although the manager was not contracted to provide technical management, the owner sought their advice…

A very taxing matter

A yacht manager arranged on behalf of the owner to store a helicopter ashore whilst not in use. During a routine inspection by customs, it was found the helicopter had stayed in the country for more…

A burnt out case

A burnt out case

After a survey on her electrics, a yacht was purchased and taken to a yard to be refurbished. After further inspection, the yard reported that there was in fact substantial damage to her wiring and…

Don’t do favours

An owner of a superyacht asked a yacht manager as a favour to recommend a master for an upcoming charter. The yacht manager hoped to acquire the management of the yacht. No formal contract was in…

Don’t rock the boat

A yacht broker incorrectly marketed a yacht as having zero speed stabilisers, which it in fact did not have. The owners of the yacht brought a claim against the broker alleging that this…

Welcome to this Japanese ship management edition of The Wire

船舶管理について具体的に説明するITICの電子News Letter The Wireの船舶管理特別版へようこそ。ITICは400社を超える船舶管理会社、乗組員管理会社、Commercial Managers、Pool Managers及びYacht管理会社の活動を付保する世界最大の賠償責任保険者です。船舶管理会社はITICの総メンバー-の20%以上を占めます。 ITICは、調停、Dry…