1175 results:

When is it safe to destroy your documentation?

ITIC is frequently asked to advise Members from different jurisdictions who have been requested to produce their files. Usually, it is because their principals have a dispute with another party and

TRADE PROHIBITIONS WITH U.S. EMBARGOED COUNTRIES

There have recently been a number of situations reported to the Club where the Member has encountered difficulties due to trade embargoes. The last “Claims Review“ reported a claim where a commercial

DEBT COLLECTION INSURANCE – MONEY WELL SPENT

ITIC has recovered US$ 50 million on behalf of its Members who have debt collection insurance. ITIC offers its Members, under Rule 10, an optional cover to assist with the recovery of outstanding

"Shipman" 98

The final draft of the “Shipman” 1998 form was approved at the BIMCO Documentary Committee meeting in May 1998. The primary objective behind the revision of the “Shipman” (and “Crewman”) agreements,

Incorrect calculations

A naval architect was appointed to re-design and certify part of a mast support structure on a yacht. The yacht was being converted into a luxury vessel to be used in commercial

Liability as a Manager for Crew Negligence

The Club has seen a steady increase in the number of claims made against ship and crew managers that have arisen purely from the negligence of the crew. Claims arising from crew negligence should be

Debt collection insurance

In the last 20 years, ITIC has recovered more than US$ 145 million in unpaid commission, outstanding port disbursements, survey fees and other debts for ITIC Members. The insurance pays the legal

Debt Collection

Recovery of monies and legal expenses under Rule 6 The 50% of the clubs Members who avail themselves of the clubs debt collection service by purchasing the optional cover under Rule 6 (recovery of

Surveying the risks

For the serious surveyor, professional indemnity or PI cover is certainly highly desirable but just how much at risk is the average surveyor? Chris Spencer of C.F. Spencer has helped to defend

ITIC’s additional products

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