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More and more cases of fraud are being reported to ITIC. Fraudsters use brokers, agents and ship managers as a vehicle for crime. The result leaves them exposed to a liability as a result of

The charterer asked the agent whether there were any restrictions which might cause problems for the ship at the discharge port. The agent telephoned the terminal who advised, verbally, that there

Not all errors lead to a financial loss although the broker may lose the principal’s business. A recent “near miss” involved a broker fixing the time charter of a bulk carrier. The owner specified

A claim was made against a ship manager for alleged failure of their duty in the supervision of the crew leading to poor crew performance and a poor standard of maintenance. The claim brought forward

In the aftermath of the financial crisis of 2008 brokers providing valuations included additional wording in their certificates reflecting the state of the market. These generally pointed out 

No manager should accept any argument from the owner or their insurers not to be a full co-assured on the owner’s P&I cover. We do come across examples where the manager is not a full joint

ITIC's podcasting series, ITIC Insight, is back!  In the first episode of the new series, Tom Irving, ITIC’s CEO, sits down with Jeff Woyda, the newly appointed Chairman of ITIC. Jeff is the

A group of 15 ITIC members, insurance brokers and account executives gathered around a horseshoe shaped table last Thursday morning to attend an ITIC workshop on Contract Management.  This is

ITIC are hosting a seminar and cocktail reception in Tokyo on Thursday 21st March for all members and brokers. This event coincides with the ITIC Board meeting in Tokyo. During the seminar the

ITIC are hosting two events in Germany during September, to coincide with the ITIC Board meeting in Bremen. The first is a drinks reception, being held in Hamburg on Tuesday 23rd September. The