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A shipbroker acting for charterers was owed USD 25,000 of commission by an Indian voyage charterer. The charter party provided that the charterer would deduct the commission. ITIC wrote to the…

Three containers of pork were shipped from one European port to another. The containers were discharged from the ship, but the discharge port agent had overlooked the instructions to keep the…

A shipbroker missed a message from owners explaining that the vessel they were fixing needed to inert tanks before loading. The message was therefore not seen by the charterers. The vessel was…

ITIC were notified by a ship agency member, based in Canada, that they were owed over CAD 70,000 from a local company. The company were declared bankrupt and ITIC instructed lawyers to get the ship…

A large ship management company was asked, as a favour, to provide a master /skipper to a yacht to be sailed from Thailand to Spain. No formal contract was in place between the member and the…

A chartering broker arranged a fixture for a voyage from the Black Sea to Singapore. The recap showed the identity of both the registered owners and the disponent owner with whom the negotiations…

A vessel loaded a cargo of bulk wheat in the UK. The shippers were a large trading company. The trading company were obliged to issue a financial bond with the rural payments agency, which in the…

ITIC provides the most comprehensive errors and omissions insurance for businesses involved in the transport industry worldwide. ITIC also offers a range of additional covers which…

Loss of management fee covers the non payment of management fees as a result of the termination of a ship management contract through actual or constructive total loss of the ship under…

Directors’ & Officers’ insurance (D&O) is a personal insurance purchased by the employer for the benefit of its directors and officers. ITIC’s D&O product protects both individual…