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To see the article as it appears in The Baltic, please click here. The article can be found on page 97:  It is surprising how many claims reported to ITIC involve disputes about the

ITIC says P&I correspondents are coming under increasing pressure from clubs and from third parties to ensure that they have professional indemnity insurance. In the latest issue of its

International Transport Intermediaries Club (ITIC) has launched a cyber liability extension to ITIC policies to protect its existing professional indemnity members against the growing threat posed by

To see the article as it appears in Ship Management International, please click here. When it comes to dry docking costs an impecunious principal can often leave the ship manager beached.  This

Hanjin Shipping Co. Ltd (Hanjin) applied for court rehabilitation in Korea on 31 August 2016. The Seoul District Court (Bankruptcy Division 6) issued a decision accepting the application and

ITIC is often asked by ship managers to comment on the wording of a “ship manager undertaking” or “letter of undertaking” (LOU) which they have been asked to sign. This is a situation which has

A surveyor in Australia was appointed by a bank. The instructions provided to the surveyor were clear. They were to confirm the value of the vessel being built at a local yard and to certify to the

During this extraordinary time of lockdowns around the world, there will be issues with receiving the original bills of lading.  Port agents may be asked by consignees to deliver goods to them

Over the years, ITIC has arrested many vessels in order to recover outstanding debts for Members. Where an undisputed debt is involved the majority of arrests result in the debt being paid

[London, UK] – [1 October] – ITIC launches tailored Aviation Rule Book to support growing aviation portfolio  International Transport Intermediaries Club (ITIC), the world’s leading