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ITIC's scheme for members of the Swedish Shipbrokers' Association...

ITIC provides an exclusive and affordable insurance scheme for the ship agent and shipbroker members of the Swedish Shipbrokers’ Association. The scheme is aimed at the type of member, who…

Incorrect calculations

A naval architect was appointed to re-design and certify part of a mast support structure on a yacht. The yacht was being converted into a luxury vessel to be used in commercial…

Welcome to this 2012 Naval Architecture Claims Special edition of The Wire

The Wire is ITIC’s e-newsletter which is sent to insured members of ITIC and their brokers several times a year. Each issue is specifically targeted to a sector of the membership,…

Naval Architect left with the bill

A naval architect entered into an agreement in 2007 to design a jetboat. The company that built the boat did not have any insurance, although the naval architect was not aware of this…

Lengthy legal dispute

An architect was contracted to design the hull and rigging for a new yacht. Another naval architecture firm was contracted to design the interior. The yacht was completed and delivered…

Welcome to the twelfth edition of The Wire

Welcome to the twelfth edition of The Wire. The Wire is published and sent to insured members of ITIC and insurance brokers several times a year. This edition focuses on issues…

Professional Indemnity Insurance for P&I Club Correspondents

ITIC insures over 70 P&I club correspondents globally. We are aware that at least one International Group club is considering that all their correspondents obtain professional indemnity…

Settlement Without Authority

A P&I club correspondent was requested to survey a cargo of 2,000 metric tonnes of bulk fertilizer, which had been contaminated by residues from a previous cargo. The correspondent, having…

Marine & Civil v SGS

A recent case in the Australian Federal Court (Marine & Civil Construction Company Pty Ltd v SGS Australia Pty Ltd) serves as a reminder of the importance in ensuring that surveyors and…

Surveyors Signing Indemnities

Sometimes ITIC’s surveying members will be asked by a ship owner, with whom they have no contract, to sign an indemnity, disclaimer, waiver or release before they are granted access to the…