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ITIC returns profits to members for 27th year running The International Transport Intermediaries Club (ITIC), a mutual insurer which provides professional indemnity cover for intermediaries serving…

Date: 16th September 2022  Since Russia’s invasion of the Ukraine in February 2022, the European Union has progressively intensified its sanctions against Russia. Of most significance for ITIC…

Date: 27th September 2022 On 19 September 2022, the EU issued two amended Russia-sanctions FAQs on the import, purchase, and transfer of listed goods (nos. 2 and 4 available here). These have…

ITIC obtained overdue payment of a shipbroker member’s commission which the seller had refused to pay despite the successful completion of the sale and purchase of a ship. The shipbroker had acted…