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Pre-appointment Due Diligence  1. What do you know about the vessel? i. Proceed with caution if the vessel is coming into port with mechanical problems.  This could lead to undue delays

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 a

A chartering contract stated that football fans were to be flown from Madrid to Milan, over a series of two flights. The return flights were scheduled for a day or two later. The total cost of the

A banker wished to charter a yacht for a holiday. ITIC insured the broker acting for the charterer who provided details of a yacht MY PARADISE to them, which had been received from the yacht’s

ITIC issued a circular to Members in 2014 in relation to the fraudulent diversion of port expenses. Unfortunately ITIC is seeing evidence of similar frauds being perpetrated across the wider marine

FONASBA has launched its newest education initiative, the Young Ship Agent or Ship Broker of the Year award. The competition is open to anyone aged 40 years or younger who is employed by a company

ITIC has previously issued two circulars to Members warning of fraudulent messages altering bank details. Unfortunately ITIC has continued to receive reports of these frauds and accordingly is

ITIC has previously issued three circulars to Members warning of fraudulent messages altering bank account details. Members may receive messages stating that in light of the financial situation

A ship under management frequently traded to US ports. On 1st July 2017 new laws came into force in California, requiring vessels entering from international waters to deballast more than 200

A ship agent in Central America made two mistakes in relation to cargo on a ship coming into port which led to two customs fines. The first error was that the agent misinformed the customer about