Search

A number of Members who are sale & purchase brokers have approached us to report that banks are expressing a reluctance to open accounts in the names of buyers or sellers for sale and purchase

In July 2006 the Federation of National Associations of Shipbrokers and Agents (FONASBA) conferred “Standard Document” status on an ISPS clause, drafted with the assistance of, and approved by, ITIC.

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

A charterer alleged to have suffered losses as a result of misleading and deceptive conduct by the classification society in the classification of an offshore supply vessel. The charterer alleged

ITIC, in association with the Institute of Chartered Shipbrokers’ London & SE branch, is hosting a panel debate on the topic of ‘Know Your Client (KYC)’ during Maritime UK week. Title: Keep

A ship manager was appointed as a new building supervisor by an owner in respect of two ships they had under construction in a Chinese yard with the intention that they would become the managers of

The Year 2000 problem, or the “millennium bug” as it is sometimes called, arose several decades ago when the memory resources of computer chips were very limited and programmers were encouraged to

In October 2008, a North American ship agent was nominated for the call of a ship scheduled to load at a terminal on the east coast of USA. After the ship agent notified the terminal of the ship’s

For a number of months a ship broker made hire payments under a time charter directly to the owner, although the broker had previously dealt with the ship's manager. When the broker received an

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