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Ship Management International column July/August 2017 - Don't get stuck with owners' debts

To see the article as it appears in Ship Management International please click here. (page 100) Ship managers must be extremely cautious when signing purchase orders. ITIC has seen an increase in

Webinar: The M/T Unfortunate - a webinar for shipbrokers

Webinar: The M/T Unfortunate - a webinar for shipbrokers

ITIC is hosting a webinar on Wednesday 30th November 2022 at 10.00 (London time) for shipbrokers. The webinar will last approximately 45 minutes and will focus on a fictious shipbroking case

Tony Payne

Tony Payne, ITIM’s managing director, is retiring at the end of March 2006. Tony started life as a ship agent in both Singapore and Jeddah, which uniquely qualified him to manage a Club whose

Ship Management International column January/February 2019 - Don't become liable for the charterer's default

To see the article as it appears in Ship Management International please click here.(page 60) ITIC has dealt with claims where commercial managers have ended up making good the financial default of

Ship Management International column May/June 2019 - Look after the accounts team and the dollars will look after themselves

To see the article as it appears in Ship Management International, please click here  (issue 79, page18) Keeping a tight control of what is paid out to suppliers is a vital part of

Charterparty territorial exclusions

In the previous section, one of the claims arose because the insurance policy excluded Cuba. Territorial exclusions in charterparties regularly give rise to claims against shipbrokers and managers.

Press release: Port agents should keep principals informed of increased costs to avoid payment delays, says ITIC

International Transport Intermediaries Club (ITIC) warns port agents to inform their regular principals of port fee and tariff increases, even if the details are in the public domain. This will avoid

Settle now or pay later

A bank appointed a surveyor member of ITIC to confirm the value of a vessel under construction and to certify that additional funds could be drawn down during the construction period. The bank

Press release: Complacency can cost, warns ITIC

Press release: Complacency can cost, warns ITIC

ITIC (International Transport Intermediaries Club) warns brokers and agents that allowing complacency to creep into their daily activities has the potential to cost them dearly.  A recent

High speed ferry and increased fees

A company ordered a ferry from a shipyard. A naval architect member was appointed to supervise the build but the design had been produced by another naval architect. As the vessel was to be used on