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Members acted as technical and commercial managers for a ship that was on a time charter. The fixture still had about three years to run at a daily hire rate of USD 15,250. The charterparty contained…

A bunker broker member was contacted by an owner to order 900 M/T IFO180CST for delivery nine days later. At the time of ordering, the price of 180CST fuel was about USD 623 M/T. In error, the member…

An English ship agent accepted a nomination for the agency of a ship from a company in St. Petersburg. The appointment message simply read “please advise D/A, restrictions and timetable in your port…

A gas carrier managed by one of ITIC’s members suffered main engine damage. The owners conducted a survey on the main engine and found that the piston ring had been subject to excessive use and…

Fifteen pallets of leather were stolen from a depot in Argentina. The ship agent was held jointly and severally liable with the ship owner for the value of the cargo, which was USD 260,000. The ship…

A berth broker member was engaged by an owner of a berth to sell it on his behalf. Negotiations commenced with one buyer who continually required changes to the memorandum of agreement (moa)…

A company ordered a ferry from a shipyard. A naval architect member was appointed to supervise the build but the design had been produced by another naval architect. As the vessel was to be used on…

A ship agent was advised by a shipping line that with effect from 1st January 2007, all containers in Indian Ports would be subject to a new import detention charge handled on behalf of their…

A naval architect was contacted by a company to design a yacht for a race. The yacht was built and sailed over 10,000 miles without fault. However, when the yacht was lifted from the water, several…

A cargo of South African grapefruit arrived in a far eastern port. One of the duties of the ship agent was to arrange for a surveyor to go on board and, amongst other things, check that the seals on…