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Specialist transport intermediary insurer, ITIC, has warned shipbrokers that they face the risk of serious financial loss if they fail to ensure that all parties to fixture agreements are in…

The new edition of the Claims Review contains a warning to ship managers about timebars and why a shipbroker found himself in trouble after attending an industry conference.The Claims Review…

The Year Book includes the Chairman's statement, financial highlights and claims and underwriting commentary for 2014. Click here to read ITIC's Year Book for 2014 in full.

ITIC has warned of continued attempts by fraudsters to target payments between shipping companies. Speaking at the 45th FONASBA Annual Meeting in Gothenburg, ITIC claims director Andrew Jamieson…

October 2014 ITIC Members requiring general information about the Ebola virus are advised to visit the Ebola resources page on the UK P&I Club website. The information on the website has been…

ITIC has recommended a post fixture clause for brokers to place at the end of recap messages. The following wording was endorsed by FONASBA at its annual general meeting in Gothenburg: “Important:…

ITIC has recommended that brokers place a post-fixture clause at the end of recap messages in order to reduce the chances of exposure to severe financial loss as a result of important messages being…

ITIC has advised shipbrokers, consultants and other advisers not to sign confidentiality agreements which restrict their ability to do business. Noting that it is increasingly being asked to comment…

Source: UK Defence Club OW Bunker A/S the global marine fuel company filed for bankruptcy on the 7th November 2014 and reported two senior employees for fraud. The company had operations in 29…

Careless errors by ship agents are resulting in costly claims, according to ITIC. In the latest issue of its Claims Review, ITIC cites the case of a ship agent which incorrectly calculated two…