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A sale and purchase broker acted for a shipyard in connection with the construction and purchase of three multi-purpose ships.  Under the terms of a separate commission agreement, the shipyard

ITIC is often asked whether a shipbroker is entitled to claim his commission.  It is very important to remember that each case should be considered on its own facts.  Shipbroker cut out

Three chartering brokers requested the assistance of the Club to recover US$55,400 commission unpaid by an oil trader.  The Club obtained information that the oil trader had another ship on time

NOTIFY THE CLUB SOON - the older a debt, the harder it is to collect especially if the ship is sold or the debtor bankrupt.  In some countries the statutory time limit for collecting a debt is

There are occasions when events outside a ship broker’s control can scupper the hard work which has secured a fixture. A tanker broker fixed a ship on a voyage basis to lift two million barrels of

A chartering broker arranged a Contract of Affreightment (COA) between a Japanese owner and an American charterer (the first charterer). Under the terms of COA the owner had to offer one ship per

The most common claims against tanker brokers involve demurrage statements which have been received by the ship broker, but allegedly, not passed on to the charterers within the time limit set out in

Shipbrokers fixed a bulk carrier for a time charter of 90 days.  The first voyage was via a port in Thailand where cargo was loaded for discharge at an African port.  Unfortunately, during

Shipbrokers notified ITIC of their concern about outstanding commission owed to them by time charterers, who were widely thought to be in financial difficulties. The charterparty provided that the

Loss of commission insurance is as essential for shipbrokers as business interruption and loss of profits insurances are to other businesses. The loss caused by, for example, the sinking of a vessel