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There are cyber security firms who can provide you with a cyber risk assessment. They can look for vulnerabilities in your system through physical attacks, i.e. can a stranger walk in off the street…

ITIC will be hosting a seminar on Wednesday 2nd October 2019, in London, focusing on the theft of funds by fraudsters using e-mail.  The speakers will include Erin Lemaster of Hawkins &…

ITIC provides professional indemnity (PI) insurance to marine professionals against the consequences of their negligence, error or omission causing a loss to their clients or other third parties.…

The following 5 golden rules are drawn from ITIC’s experience of defending surveyors and consultants. The further articles in this Wire provide you with claims examples of these situations:  1)…

Surveyors rarely receive instructions from their actual client. Instructions are received by insurance brokers, P&I claim handlers, lawyers or managers on behalf of their client. Sometimes, as…

The dangers of assumption A large construction firm was undertaking building works on an island. In order to construct part of the project, a large crane was needed to be shipped by barge from the…

Liability of a marine surveyor A marine surveyor received a telephone call from a marine insurance broker requesting the survey and valuation of a 17 year old yacht for insurance purposes. He was…

Standard Terms and Conditions for Marine Surveyors and Consultants ITIC has published a set of standard terms for general interest of members of ITIC that can be found here. Almost all cargo…

Shippers of a cargo of wheat instructed a marine surveyor to survey and certify the holds of a bulk carrier as fit for loading.  The surveyor issued a certificate of fitness to load and…

An innocent surveyor has to pay A surveyor in Australia was appointed by a bank. The instructions provided to the surveyor were clear. They were to confirm the value of the vessel being built at a…