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IMPORTANT NOTICE These terms and conditions are published for the general interest of members of ITIC. The specific requirements of individual businesses vary and accordingly no responsibility can…

A director of a marine services company was required by his employer to sit on the Board of Directors of another company, to whom corporate services were provided. Another director was also asked to…

Health and safety in the workplace, statutory accounting and tax provision, compliance with governmental and regulatory authority requirements; in the modern business world, more and more…

Personal claims against individual directors and officers can be brought by staff who may allege discrimination on the grounds of age, gender, religion etc or that they have had their employment…

D&O insurance responds to claims brought against individual directors and officers by shareholders of the company. Claims from shareholders often follow a poorer than expected financial…

Commercial partners, customers or even members of the public might consider bringing a claim against an individual person rather than the company. A marine and transport consultancy contracted to…

Directors’ & Officers’ insurance, or D&O, provides financial protection for the directors and officers of your company in the event that they are sued in relation to the performance of their…

ITIC is the world’s largest liability insurer of ship and crew managers with over 200 members insured for these activities Ship and crew managers are 10% of the membership by number Ship and crew…

No manager should accept any argument from the owner or their insurers not to be a full co-assured on the owner’s P&I cover. We do come across examples where the manager is not a full joint…

ITIC has seen a sharp increase in the number of lay-up contracts that we have been asked to review. Some of these lay-up agreements are based on an amended ship management contract where the manager…