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The current market conditions have led to a number of charterparties being renegotiated. The new business that emerges may simply be at a different hire rate or for a different period. Another common…

The volume of emails received by some shipbrokers is simply staggering. The missing of time sensitive messages, out of the hundreds received daily, is a major source of claims against…

The Baltic Exchange and the London Maritime Arbitrators Association ("LMAA") are currently promoting a mediation scheme. Mediation is a form of assisted negotiation and involves the…

After 133 years, the Regulation 4056/86 which allowed shipping companies to apply common and uniform rates in return for providing reliable services came to an end on 18 October 2008 in Europe. The…

In response to the fall in global freight rates, ITIC has noticed that some port authorities are attempting to place greater responsibility on local ship agents. We have recently seen one…

“La Convención de las Naciones Unidas sobre Contratos para el Transporte internacional de mercancías parcial o totalmente por mar”, conocida mejor como las “Reglas de Roterdam” fue adoptada por el…

The following selection of articles will give you practical information on loss prevention, as well as on contract terms, illustrated by a variety of claims examples. ITIC always emphasise the…

Naval Architects are professional engineers and designers responsible for the design of marine vessels and/ or offshore structures. It is hard to pigeon hole the naval architect into a global…

One of the benefits of insurance with ITIC is the cover provided for defence costs.  As a naval architect you could receive a claim from a vessel owner for a case you worked on even if you were…

A naval architect was contracted to design a yacht for a race.  The yacht was built and sailed over 10,000 miles without difficulties. However, when the yacht was lifted from the water, several…