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Welcome to the latest edition of ITIC's The Wire, focusing on Australia. ITIC currently supports 362 members in Australia, with a premium income of over US$4,000,000, making it the second largest…

Thank you to everyone who attended the recent webinar. As a reminder, a recording can be found here for those who couldn’t attend. You, the insurance brokers to our assureds, are extremely valued by…

A shipbroker fixed a ship for an initial period of three months with subsequent optional periods of three months. The optional periods were declarable 30 days prior to expiry of the preceding period.…

A shipbroker received a claim from owners for ice dues and winter surcharge on towage at a Baltic port to be passed on to the charterers. The claim was sent to the charterers using an “opsclaims”…

A shipbroker received a demurrage claim of US$80,000 by email to their fixture email address, “chartering@shipbroker.com”. However, the recap stipulated that all claims must be sent to…

Members were shipbrokers between owners and charterers. Owners sent their demurrage claim to the shipbrokers to pass to the charterers. They sent it to the shipbrokers’ operations email address,…

Following the conclusion of two voyages, the owners sent two claims (heating and demurrage) to the shipbrokers within the contractual time bar, with instructions for the broker to send them to the…

Read demurrage clauses carefully: Always thoroughly review the demurrage clauses in the charterparty to understand the specific deadlines and requirements. Note email addresses: Pay attention to…

Welcome to this edition of The Wire on the topic of time-barred claims. ITIC is regularly notified of claims from shipbrokers for failing to pass on demurrage claims (or similar, such as claims for…

Welcome to this edition of ITIC’s The Wire which has been produced exclusively for insurance brokers during ITIC’s centenary year. It includes a selection of articles: an update on the continuity…