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A naval architect designed a series of fast pilot vessels. They completed the designs and submitted them to the classification society. The plans were returned and class advised that the forward…

A fixture was being negotiated for a March loading. All the correspondence referred to the shipment taking place in March. However, once the main terms had been agreed, the broker sent a…

The name of the yacht has been changed to a fictional name. A banker wished to charter a yacht for a holiday. ITIC insured the yacht broker acting for the charterer who provided details of a yacht…

A ship had been fixed by a shipbroker, who then received notice from the charterer to cancel the fixture due to the closure of Ukrainian ports as a result of the Russian conflict. The charterparty…

A commercial manager was held responsible by their principal for failing to arrange a pre-departure survey in respect of fouling of the hull. The ship had an extended stay at a port in a warm water…

How long have you worked at ITIC? I joined ITIC at the end of March 2022, however, I already feel like a member of the ITIC family. Where were you working before you joined ITIC? I was working as…

A bulk carrier arrived at the discharge port with one of its own cranes not operational. The agent, insured by ITIC, made alternative arrangements for discharge which included the hire of a shore…

A shipbroker received a demurrage claim of US$ 80,000 by email to their fixture email address, “chartering@shipbroker.com”. However, the recap stipulated that all claims must be sent to…

A marine consultant and marine surveyor worked under the company name of ABC Ltd (not the real name). The surveyor, without realising, used the logo (really just a type of font) of another company…

A marine surveyor was contracted to carry out a valuation of a vessel for an IPO. The valuation was agreed to be based upon a visual inspection only. The valuation was included in the IPO prospectus…