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A bank appointed a surveyor member of ITIC to confirm the value of a vessel under construction and to certify that additional funds could be drawn down during the construction period. The bank…

ITIC’s member designed some bollards to be placed in a north European port. Most of the bollards were welded into position and were satisfactory. A small percentage of the bollards were to be…

A naval architect member of ITIC designed two vessels to be built to US Coastguard rules for work in the Gulf of Mexico. Shortly before the completion of the first vessel, the member advised ITIC…

Members acted as technical and commercial managers for a ship that was on a time charter. The fixture still had about three years to run at a daily hire rate of USD 15,250. The charterparty contained…

A bunker broker member was contacted by an owner to order 900 M/T IFO180CST for delivery nine days later. At the time of ordering, the price of 180CST fuel was about USD 623 M/T. In error, the member…

An English ship agent accepted a nomination for the agency of a ship from a company in St. Petersburg. The appointment message simply read “please advise D/A, restrictions and timetable in your port…

A gas carrier managed by one of ITIC’s members suffered main engine damage. The owners conducted a survey on the main engine and found that the piston ring had been subject to excessive use and…

Fifteen pallets of leather were stolen from a depot in Argentina. The ship agent was held jointly and severally liable with the ship owner for the value of the cargo, which was USD 260,000. The ship…

A berth broker member was engaged by an owner of a berth to sell it on his behalf. Negotiations commenced with one buyer who continually required changes to the memorandum of agreement (moa)…

A company ordered a ferry from a shipyard. A naval architect member was appointed to supervise the build but the design had been produced by another naval architect. As the vessel was to be used on…