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Article: 12/07/13 - The Big Row - Help ITIC's rowing team to raise £5,000 for the Chauncy Maples

Article: 12/07/13 - The Big Row - Help ITIC's rowing team to raise £5,000 for the Chauncy Maples

Thomas Miller are leading a campaign to raise money to renovate Chauncy Maples, Africa’s oldest floating ship, into a mobile health clinic for the fishing villages around Lake Malawi. To

ITIC Circular: Fraud Warning - April 2016

ITIC issued circulars to members in 2014 and 2015 in relation to the fraudulent diversion of port expenses, hire/freight payments and cash to master expenses through interception of email

Prohibited transits

A commercial manager took over a newly built container ship from a Chinese shipyard and arranged a first charter to a Korean company.  The charter called for the ship to proceed to load her

Contract check list for offshore and hydrographic consultants

Whenever you are appointed by a client, you must make sure that the terms of your appointment are recorded in your contract. It is usual for such a contract to be in various parts. For example, you

Design collapsed

A naval architect was appointed to oversee the design and build of a cradle to be used for the “slipping” of a floating restaurant out of the water for routine maintenance. The wheels of the cradle

Failure to manifest correct freight

A liner agent Member in Australia was asked to quote for the freight payable on a number of containers of wool from Melbourne to Annaba, Algeria.  A price of AUD 211 per 1000 kgs was quoted

Surveyors sued for loss of evidence

A firm of surveyors was appointed by an insurance company to investigate the cause of a fire at a factory in America. The cause of the fire was alleged to be a faulty forklift truck. Following

Foils fitting failure

The design of a passenger ship was undertaken by a naval architect, who was appointed by a ship yard. Once the ship entered service, a number of problems were reported by the operator. ITIC

Paradise is not twice as nice

Paradise is not twice as nice

The name of the yacht has been changed to a fictional name. A banker wished to charter a yacht for a holiday. ITIC insured the yacht broker acting for the charterer who provided details of a yacht

Angry investors

Angry investors

A marine surveyor was contracted to carry out a valuation of a vessel for an IPO. The valuation was agreed to be based upon a visual inspection only. The valuation was included in the IPO prospectus