Search

A shipbroker was asked to assist a buyer to place a bid in a judicial auction. Before proceeding the shipbroker was asked what their fee would be. The shipbroker said “typically our fee is 1% of the

A manager took on the management of a bulk carrier which had been purchased by the owner six months earlier on an “unseen as is basis”. It was managed by another third party manager until the ship

The recent ITIC Claims Review highlighted some of the claims that the Club has seen arising out of the use of e-mail. The Claims Review reported that to date ITIC has seen little overall increase in

ITIC has been returning money to its Members for the last four years through continuity credits at renewal. Where does this money come from? In an era where mutuality seems to be going out of

ITIC makes it a condition for its ship management members to be co-assured on the hull and P & I policies of the owner because, in many jurisdictions around the world, ship managers are deemed to

Press stories of attacks by hackers are increasingly common but the reported victims are often well-known companies that hold large amounts of credit card and other sensitive personal data. Although

There are cyber security firms who can provide you with a cyber risk assessment. They can look for vulnerabilities in your system through physical attacks, i.e. can a stranger walk in off the street

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

New business We are now seeing a variety of transport professionals as members, particularly from the offshore and aviation industries. The 2014 ITIC underwriting year has been extremely positive.

Dear Members The good news to report on the last financial year of 2013/14 is that the improvement in both the level of claims and the investment return has continued from last year. The combined