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Press release: ITIC reimburses yacht broker after costly phishing scam leads to €58,000 loss

Press release: ITIC reimburses yacht broker after costly phishing scam leads to €58,000 loss

A phishing scam targeting a yacht broker during a high-profile Mediterranean charter resulted in a €58,000 loss, but thanks to swift intervention of International Transport Intermediaries Club

Press Release: September 2016 - Tanker brokers count cost of failure to pass on claims documentation

International Transport Intermediaries Club (ITIC) says delay in submitting - or failure to pass on - documentation is the most common cause of claims against tanker brokers. Moreover, the tightening

Press Release: ITIC warns about re-emergence of people-smuggling scam

International Transport Intermediaries Club (ITIC) has warned ship agents about the re-emergence of a scam whereby they are being used by people-smugglers to cover the movement of illegal

Late arriving sugar

A sugar trader booked a part cargo of 6,000 mt bagged sugar at Durban for Aqaba for on-selling to Iraq, where there was a severe sugar shortage. The charterparty contained the clause “first in/last

Agent sued as co-carrier of cargo

The agent in Thailand was appointed to act for the Hong Kong owners of a ship which called at Bangkok to load a cargo of 13,300 MT of bagged rice for discharge in West Africa.  On completion of

Negligent Advice

A bunker broker, representing the owner, whose vessel was fixed on charter to load at Rotterdam for discharge at Durban, advised that the owner should bunker at Durban where the prices were, at that

MORE THAN ONE PRINCIPAL? WHO PAYS?

In a recent case, a ship agent in the Far East was nominated by the voyage charterer (a well known trading house) to be the agent for the disponent owner (a well known and reputable shipping

Too broad in the beam

A ship was fixed, via an Italian ship broker, to carry steel pipes from Toronto to Garston, United Kingdom.  The day after the fixture had been concluded it was realised that the Italian broker

Drawing a blank

A shipbroker in Scandinavia was instructed by his principal to confirm re-delivery of a ship to its owners. He sent the notice of re-delivery to the owner’s broker in the Far East by e-mail, and

Freight paid to wrong party

For a number of months a ship broker made hire payments under a time charter directly to the owner, although the broker had previously dealt with the ship's manager. When the broker received an