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A ship agent in the US failed to issue a Notice of Readiness (NOR) to the terminal in time, resulting in a delay of just under five days. The total amount the agent’s principal was out of pocket was

An aviation technical consultant and asset manager were insured, amongst other activities, for the provision of aircraft engine borescope inspections. They entered into a contract with a lessor for

What is your role? I am a Senior Claims Executive, currently handling the European Claims for ITIC Europe. Where were you working before? Please give us a brief overview of your career

In addition to professional indemnity insurance, ITIC also offers the following products: Directors’ and Officers’ insurance Directors’ & Officers’ insurance (D&O) is a personal insurance

The Club is often asked to distinguish the difference between reasonable endeavours and best endeavours. Where a clause in a contract exists that requires a company to use reasonable endeavours to

Although I have now served as Chairman of ITIC for only nine months I have had the pleasure to have served on the Board for 13 years. Someone told me very early on in my career that there is

Whilst incorporating a company may be the easiest way of limiting one’s liability, recent legislation means that the administrative burden of managing a company has got harder. The first Company Law

ITIC has seen an increasing number of sale and purchase brokers being asked to hold deposits on behalf of the buyers and sellers. While not yet a feature of a large number of transactions, the

In the September 2003 edition of The Intermediary, the Club provided the answers to questions which had been posed by ITIC Members in respect of the ITIC GUIDELINES FOR THE RELEASE OF CARGOES 2003.

BIMCO’s attention has been drawn to the fact that some shipowners do not name third party ship managers as co-assured on their hull and machinery policies. This is a highly dangerous practice that