1935 results:

War! (risk premium) - Who is it good for? Absolutely not the broker if they forget to pass on the quote

War! (risk premium) - Who is it good for? Absolutely not the broker if they forget to pass on the quote

A tanker was fixed for a voyage. The voyage included an option to call at an additional war risk premium (AWRP) area. As per the terms of the charter party the charterer was liable to pay the AWRP if…

Storage wars

Storage wars

In respect of a voyage charter, the charterer nominated an ITIC member as the discharge port agent. The charterer asked the agent to confirm storage costs for the cargo up to such time when the…

Ask the Editor

Ask the Editor

I have been asked - Is there really a difference between negligence and gross negligence under English law? English law has no real concept of “gross negligence” but the courts will try and give…

Ask the legal team

Ask the legal team

Here at ITIC we are often asked about a shipbroker’s right to claim commission. There are three common scenarios, other than where the owner and/or charterer refuses to pay a shipbroker’s undisputed…

Chartering broker - A lost clause

Chartering broker - A lost clause

A chartering broker acted for the charterer of a ship. They agreed with the owner, via a Skype call, to pay a higher freight rate in exchange for the owner agreeing to split the Panama Canal transit…

A Shipman based strategic solution

A Shipman based strategic solution

A ship manager managed a ship for a very short period of time (six months) subject to a Shipman contract. The ship was over 12 years old when their management started. A claim was made against the…

Unpaid advice

Unpaid advice

A marine surveyor was approached by a reputable law firm to provide an expert written opinion on behalf of their client. The surveyor was requested to provide an expert written opinion on the trade…

Bank account mishap

Bank account mishap

A yacht broker was responsible for receiving charter hire payments from the charterer and passing them on to the owner. The yacht was fixed to provide a cruise around the Mediterranean.…

A costly vacation

A costly vacation

A liner agent received notification of an inbound ship on a special call, outside the normal liner schedule. The employee who received the notification scheduled pilotage and began the customs…

Malfunctioning motor

Malfunctioning motor

A naval architect was asked by their customer, a shipyard, to design a yacht on the basis of existing templates with the addition of some new parts. The scope of work included marine engineering.…