1175 results:

Broker's failure to pass voyage instructions to correct party

The broker acted for a chartering company with offices in the USA and Europe, and the agreement between them required the broker to advise the US company of the status of the charter arrangements for

Ship manager orders repairs in the name of the wrong company

Scandinavian ship managers were appointed as technical managers of a tanker owned by a K/S limited partnership.  The management agreement was originally between the ship managers and the

Lack of stern line prevents discharge

A North African oil company sent a circular to its panel of brokers informing them that tankers discharging at a certain North African port required a stern line.  About ten days later a London

RULE 6 - Indemnity

Is it counter-signed by a first class bank? A shipowner sought to recover from his agent who had released cargo against indemnities countersigned by the failed BCCI bank.  The agent had

ASSOCIATED SHIP ARREST

Unpaid disbursements are not the only problem which face ship agents.  In many countries ship agents have a joint and several liability with their principal for cargo claims, customs penalties,

...and finally

A sale and purchase broker had acted for the Scandinavian sellers of a small cruise ship. An Australian company had signed a Memorandum of Agreement but had failed to pay the deposit or take any

Loss Prevention

Fraud, and particularly documentary fraud, is becoming increasingly sophisticated and even with the best systems in the world may not be detected. However, most of ITIC's Members are agents (in one

OILY PROBLEMS

A number of governments are increasingly involving the private sector in their research and development. A ship manager contracted with the owner of an experimental hull platform to manage, operate

An update on crew scams

THE CLUB first issued a circular as long ago as 1989 on the subject of ship agents being used by unscrupulous migrant smugglers to move illegal immigrants around the world. The Club continues to

Wrong form

A surveying company recruited a senior staff member from a rival who brought a major client to his new firm. The surveyor used an existing reporting format. Shortly after the surveyor started his new