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Is it addressed to both you and your principal? One of the Club's Members was recently presented with a perfectly worded letter of indemnity counter-signed by a first class bank, addressed to…

Does it contain adequate financial and time limits? Agents should always be careful to ensure that the letter of indemnity covers all claims and costs which could be incurred.  There is little…

Do the goods itemised correspond exactly to those in the delivery order? A liner agent in Hong Kong was asked to deliver a consignment of frozen chickens against a letter of indemnity…

Is it an original document? A liner agent in Spain delivered five containers of electrical goods on five different occasions against faxed indemnities, which were apparently counter-signed by the…

ITIC is often asked whether a shipbroker is entitled to claim his commission.  It is very important to remember that each case should be considered on its own facts.  Shipbroker cut out…

An English ship broker remitted a balance of hire of US$ 30,000 twice to his European counter- part.  In spite of many promises the European shipbroker failed to pay back the funds and court…

The Club's lawyers arrested a tanker in Abidjan, much to the disgust and ire of the master who threatened the court bailiff with bodily harm. The owner paid and the same bailiff tried to release…

Unpaid disbursements are not the only problem which face ship agents.  In many countries ship agents have a joint and several liability with their principal for cargo claims, customs penalties,…

Norwegian ship brokers via a London broker, commenced negotiations for the sale of a tanker to a Greek buyer.  Discussions continued for several months until the shipowner went bankrupt and the…

In a recent case, a ship agent in the Far East was nominated by the voyage charterer (a well known trading house) to be the agent for the disponent owner (a well known and reputable shipping…