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Ship broker fixed a vessel for an initial period of 3 months with subsequent optional periods of 3 months. The optional periods were declarable 30 days prior to expiry of the preceding period. The

A ship manager was managing a tanker entering West African waters. The manager believed the terms of the charterparty provided that armed guards were to be appointed at the charterer’s expense. The

Robert Sniffen, Director, sits down to chat with the Claims Review editor for the second in a regular interview series, where we get to know ITIC’s claims handlers. In this interview, Robert outlines

A ship agent was notified by their principal that a ship would arrive at the port on 30th July. The ship agent allegedly notified the port and local customs of the impending arrival on 27th July.

A shipbroker arranged a contract of affreightment (“COA”) between owners and charterers. The COA ran for the 2020 calendar year and provided for a minimum of 4 and maximum of 12 shipments per

A shipbroker acted for both the owners and charterers in a fixture. Different shipbrokers within the company acted for each party. The parties concluded a fixture with laycan for 20th August. The

ITIC Members might be forgiven for thinking that their Club is controlled by the managers. Underwriting quotes, claims payments and publications are all the responsibility of the managers; as indeed

The Wire is ITIC’s e-newsletter which is sent to insured members of ITIC and their brokers several times a year. Each issue is specifically targeted to a sector of the membership,

Standard Terms and Conditions (Terms) are usually drafted to deal with the mundane matters that govern all contractual relationships, whereas the actual work to be performed will usually be

A shipbroker fixed a ship for an initial period of three months with subsequent optional periods of three months. The optional periods were declarable 30 days prior to expiry of the preceding period.