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Sale and purchase brokers representing the sellers of a vessel received a list of questions from the buyer's brokers including one as to whether the ship's underwater parts were painted with

ITIC is often asked whether a shipbroker is entitled to claim his commission.  It is very important to remember that each case should be considered on its own facts.  Shipbroker cut out

Norwegian ship brokers via a London broker, commenced negotiations for the sale of a tanker to a Greek buyer.  Discussions continued for several months until the shipowner went bankrupt and the

A port agent was nominated by the charterers in respect of the loading of a cargo at an Australian port. As the scheduled arrival time approached, the Master of the ship advised the agent that he

A naval architect was approached by a customer to design a catamaran workboat. The customer provided the naval architect with a plan of their existing workboat and requested the final design and

The ITIC board met in March 2025 in Hong Kong. The board of ITIC have agreed that: there will be no general increase in premium in the 2025 policy year; for the 31st  consecutive year, each

The ITIC board met in March 2023. The board considered whether, in light of the current high inflationary environment, ITIC should - for the first time - make a general increase. The board concluded

ITIC recently hosted a webinar entitled “coffee and a catch up” for insurance brokers, which was held on Wednesday 31st May 2023.  During this webinar, ITIC’s chief underwriting officer and

A ship agent was appointed to provide agency services to a fleet of ships.  One of the duties of the agent under the contract was to liaise with the local Canal Authority to make all necessary

This page collates updates, circulars and other material relevant to the current crisis in Ukraine. If members become aware, or have concerns, that their clients and/or parties in a transaction have