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A US bank instructed a marine surveying company to provide a valuation of a client’s vessel to assess its suitability to be used as collateral for a loan. The bank was to be provided with a preferred…

Due to various amendments required by the shipper, liner agents at a load port in South America found themselves reissuing an original bill of lading for a consignment of bananas destined for the…

Liner agents frequently have to arrange for cargo to be released against bills of lading surrendered at the loadport – the so called “Telex Release”. This type of release is risky as no bill of…

ITIC has seen a trend of claims against ship managers by ship owners who are facing hard times. As a result of their financial difficulties they resist paying for the full maintenance for the ship…

A ship agent was appointed to provide agency services to a fleet of ships.  One of the duties of the agent under the contract was to liaise with the local Canal Authority to make all necessary…

Due to local port requirements a ship was required to be escorted through restricted waters into and out of a port by a tug. The owner asked the ship agent to arrange for the tug on their behalf and…

A commercial manager arranged for a ship to load cargo at a port which the ship had not previously called and of which neither the commercial manager or the ship owner had any previous experience.…

Shipbrokers fixed a bulk carrier for a time charter of 90 days.  The first voyage was via a port in Thailand where cargo was loaded for discharge at an African port.  Unfortunately, during…

A ship agent, arranging for the export of a consignment of frozen turkeys, mistakenly notified the line’s reefer engineers that the cargo needed to be carried at a temperature of +13 deg. C. instead…

A Norwegian shipbroker made a claim against their principal for the commission on two newbuildings. The principal had appointed the member as their exclusive broker. The broker introduced the…