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ITIC is increasingly asked to comment on confidentiality agreements, sometimes known as nondisclosure agreements. The use of confidentiality agreements has always been common when parties are…

Welcome to this special edition of The Wire, which focuses on naval architecture. ITIC hosted an interactive and lively naval architect panel discussion in London on 15th November.  The title…

Welcome to this special ship management edition of ITIC’s electronic newsletter, The Wire, specifically  for ship managers. ITIC is the world’s largest liability insurer of ship, crew,…

Press stories of attacks by hackers are increasingly common but the reported victims are often well-known companies that hold large amounts of credit card and other sensitive personal data. Although…

ITIC has issued several circulars to members since 2015 warning of fraudulent messages altering bank details and the fraudulent diversion of port expenses, which can be seen here. Unfortunately ITIC…

ITIC became aware of a scam which was diverting pre-funded port costs to a fake bank account.  In each case the ship owner due to make the payment received an email advising that the ship…

A claim reported to ITIC involved payments made by a ship manager to a parts supplier.  A fraudster was able to insert an email into the exchanges providing new bank details for the…

Hire payments are attractive targets for fraudsters.  ITIC was advised by a Norwegian shipbroker who had managed to avoid an attempt to steal a monthly hire payment. The broker questioned a…

Cash to master payments can also be intercepted. A member of staff in a ship management company was suspicious of a message asking if cash to master could be sent directly to the ship agent’s foreign…

Robert's journey began at sea, crewing on superyachts and later joining the merchant navy as a deck officer. As the Account Executive for Greece, South East Asia, and Monaco, he is a regular…