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Welcome to this edition of ITIC’s The Wire focusing on all things Know Your Client (KYC). A special thank you to everyone who attended the Know Your Client panel debate last month in association with

A shipbroker sought ITIC's assistance because fraudsters were using their address and VAT number. They advised that they had received a call from a man whose girlfriend wanted to buy a vintage sports

A shipbroker Member had represented the same charterer for many years and the same broker had always handled the account.  The business involved fixtures for cargoes of borax for which the

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

A naval architect’s client commissioned the design of a tug but did not immediately build it. Two years later, the client contacted the naval architect and asked them to update the specification.

A ship broker received an approach from a Chinese broker regarding the possibility of fixing ships to carry steel cargoes on behalf of a well-known local steel mill. The ship brokers approached the

Due to various amendments required by the shipper, liner agents at a load port in South America found themselves reissuing an original bill of lading for a consignment of bananas destined for the

ITIC provides the most comprehensive errors and omissions insurance for businesses involved in the transport industry worldwide. ITIC also offers a range of additional covers which

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

A ship agent failed to manifest a cargo, which was a yacht, at the original port of loading. At the second port on the voyage the customs inspectors identified the error and seized the yacht. The