Search

In April 2019 we set out the arrangements that were being made to ensure that ITIC could continue to provide its cover in the EU once Brexit had been finalised. These were concluded by 1st November

Following the conclusion of two voyages, the owners sent two claims (heating and demurrage) to the shipbrokers within the contractual time bar, with instructions for the broker to send them to the

Read demurrage clauses carefully: Always thoroughly review the demurrage clauses in the charterparty to understand the specific deadlines and requirements. Note email addresses: Pay attention to

ITIC is now writing EU policies via a fronting arrangement. In April 2019 we set out the arrangements that were being made to ensure that ITIC could continue to provide its cover in the EU once

A naval architect was contracted to design a small mooring system for a nearby marina. The project was completed and the mooring installed, but during a period of strong tidal flow, the mooring

A single technical error by an uninsured subcontractor has resulted in a US$70,000 settlement and prompted International Transport Intermediaries Club (ITIC) to warn ship surveyors of the financial

A routine ship on a special call, outside the normal liner schedule, turned into a costly oversight for a liner agent, resulting in unexpected expenses of US$135,000 – ultimately reimbursed by

This circular was originally issued in 2008, but this advice still remains valid in 2020: Our Ref: 0208 December 2008 To: Ship manager members of ITIC and their insurance brokers Ship managers

A number of Members who are sale & purchase brokers have approached us to report that banks are expressing a reluctance to open accounts in the names of buyers or sellers for sale and purchase