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A ship performed a charter and was then redelivered within the normal redelivery period as agreed under the charter party. Shortly thereafter, the owners commenced insolvency proceedings and the

A ship agent was instructed to arrange for the collection of engine spare parts from the ship and deliver them to the principal’s yard. However, the agent failed to arrange for the pickup in time

An aviation technical consultant and asset manager were insured, amongst other activities, for the provision of aircraft engine borescope inspections. They entered into a contract with a lessor for

In addition to professional indemnity insurance, ITIC also offers the following products: Directors’ and Officers’ insurance Directors’ & Officers’ insurance (D&O) is a personal insurance

LOSS OF COMMISSION COVER One of the additional insurances that ITIC offers to shipbrokers and ship managers is loss of commission insurance when they are not paid commission or fee income arising

The Club has received a number of enquiries from ship broker Members, either direct or through their insurance brokers, interested in insuring against loss of their commission. This insurance is

The Club has seen a steady increase in the number of claims made against ship and crew managers that have arisen purely from the negligence of the crew. Claims arising from crew negligence should be

The Club offers cover to ship brokers and ship managers against loss of their commission or management fee as a result of a marine peril. Most companies, whether marine or non-marine, have some form

A naval architect entered into an agreement in 2007 to design a jetboat. The company that built the boat did not have any insurance, although the naval architect was not aware of this

If a minor detail is missed, major problems follow Underwriters instructed an aviation loss adjuster to investigate and handle a claim arising from the loss to an aircraft.