154 results:

BIMCO’S VIEW ON THE IMPORTANCE OF CO-ASSURANCE

BIMCO’s attention has been drawn to the fact that some shipowners do not name third party ship managers as co-assured on their hull and machinery policies. This is a highly dangerous practice that…

Under ship management agreements

Ship managers need to be co-assured because the economics of ship management are based on a management fee structure that does not envisage the manager purchasing separate P&I and hull and…

Use of E-mail by Agents - Risk Management

Approximately 80% of all business communications are electronic. Agents (which terms includes ship agents, shipbrokers, ship managers and forwarding agents) will send many important documents by…

The ISPS Code and Intermediaries

On 1 July 2004 the International Ship and Port Facility (ISPS) Code came into force. Although, as predicted, ships have been subjected to delays, detentions, inspections and increased costs, there…

The End of an Era

After almost thirty years in the business, ITIC’s Claims Director, Julia Mavropoulos, has retired. On the last day of 2004, Julia Mavropoulos, Claims Director of ITIC for the past eleven years,…

Negligence and Cargo Surveyors

This article only deals with the type of surveyor who goes on board a ship which is loading or discharging cargo, and inspects the cargo operations on behalf of the seller or the buyer of the cargo.…

ITIC News

ITIC BOARD OF DIRECTORS The Club has announced the retirement of Erik Nes from its Board. Mr. Nes retired at the meeting in London in March 2005 after 10 years as a Director of ITIC. He was…

Untangling the current Professional Indemnity Insurance Market

Many of those involved in the marine services industry, will have experienced the damaging side-effects of the current hard insurance cycle. Professional indemnity insurance is one particular area…

When is it safe to destroy your documentation?

ITIC is frequently asked to advise Members from different jurisdictions who have been requested to produce their files. Usually, it is because their principals have a dispute with another party and…

Master of all you survey

John Noble, chief executive of the Salvage Association, looks at the challenges facing the restyled organisation, and at why good surveyors need good support and advice from their liability insurers.…