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When fixing a tanker to carry vegoil the charterer asked whether the tanks had been washed.  The owner’s broker telephoned the charterer’s broker to inform him that the tanks had been “washed

A ship agent who threatened to detain a ship because the owner had not remitted disbursements, allowed the ship to sail when he received a telex confirmation from a well known UK bank that the

A charterer invited tenders for a long term time charter. The Member, a ship broker, sent his principal’s bid via an industry message system to the charterers mailbox in the United States. The bid

ITIC launched its website at www.itic-insure.com in June 1999.  We are pleased that the site has been of use to many Members and potential Members seeking information and have continued to

A vessel was fixed on voyage basis from one Indian port to another. During negotiations, before the owners made a firm offer on the freight rate, they asked their broker whether Indian freight tax

A shipbroker missed a message from owners explaining that the vessel they were fixing needed to inert tanks before loading. The message was therefore not seen by the charterers. The vessel was

Commercial managers need to be fully aware of all limitations which ships under their management have, as regards to carriage of particular cargoes and, furthermore, must pay careful attention to the

By Chris Sturgeon of Red Penguin http://www.redpenguinltd.com/ Effective risk management of construction projects at sea requires, in particular, a fundamental understanding of the necessary

It is time for ship agents to examine the rubber stamps they use when signing bills of lading and consider destroying some of them. Ship agents are sometimes sued in addition to (or instead of) their

The increased incidence of fraud – and how to detect, minimise and prevent it – has been the focus of extensive recent discussion in the maritime sector. Cyber-crime has dominated much of the debate,