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Introduction 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…

By Tor Aasberg, Partner, Advokatfirmaet Grette DA, Oslo, Norway 1. Introduction According to the Norwegian Enforcement Code (NEC) and the Norwegian Maritime Code (NMC) a creditor with a maritime…

Whilst incorporating a company may be the easiest way of limiting one’s liability, recent legislation means that the administrative burden of managing a company has got harder. The first Company Law…

ONLINE LEARNING TOOL - THE RISKS INVOLVED WITH BILLS OF LADING ITIC has developed its first online training tool, “The risks involved with bills of lading". ITIC’s Claims Director, Andrew…

I am delighted to introduce this latest edition of The Intermediary. It is designed, as ever, to be informative and practical on the one hand, while remaining straightforward and readable on the…

Sometimes the Club’s surveying members will be asked by the ship owner to sign indemnities, disclaimers, waivers or releases before they perform a job for their principal by the ship owner before the…

ITIC insures many companies whose job it is to arrange contracts on behalf of a principal between the principal and a third party. A problem which continues to produce many claims is the failure to…

In many countries ship agents, and, in some cases ship managers, can find themselves involved in claims as a result of their joint and several liability with their principal, be that the ship owner…

In July 2006 the Federation of National Associations of Shipbrokers and Agents (FONASBA) conferred “Standard Document” status on an ISPS clause, drafted with the assistance of, and approved by, ITIC.…

ITIC has recently received a number of enquiries from ship agents who have experienced problems with principals not settling disbursement accounts in full because they are different from the pro…