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Norwegian shipbrokers were involved in negotiations for a voyage charter. When entering the market, they described the charters as “first class.” It was also alleged that during the negotiations,…

A ship agent in Egypt received a distress call from an owner, stating that his ship had lost power and needed to be towed into harbour. The Egyptian navy had to provide the rescue service. In order…

1. ESTABLISH THE IDENTITY OF YOUR CLIENT BEFORE YOU ACT Ship agents: Have you been appointed by the charterer to be the owner’s agent? Is your principal a well known ship manager, or the manager…

A naval architect was instructed by a client to design a new rescue ship to be used off the coast of England. The naval architect designed the ship and it was built by a yard specified by the client.…

A P&I club asked a marine surveyor to carry out a condition survey on a ship. The surveyor noted several deficiencies and, as a result, the P&I club requested the surveyor to conduct a…

Two shipbrokers were involved in a sale and purchase of two ships, one acting for the buyer, the other for the seller. The commission agreed on delivery of each ship was to be USD 250,000 per broker,…

A shipbroker who was a Member of ITIC (broker A) had been a co-broker in chartering a ship with another broker (broker B). Broker B was not a member of ITIC. During the negotiations, broker B added…

A ship agent had an unpaid disbursement account of USD 20,300 following a ship’s call. The ship arrived on 27th October and departed 15th November 2007, during which time repairs were carried out in…

A ship agent arranged for the towage of an oil major’s rig through the Suez Canal. The oil major considered the cost to be high and refused to pay for the service. Agents in the Suez Canal have a…

ITIC’s Members often provide services to foreign companies who are sometimes totally unknown to them. When left with a debt from such a company, obtaining payment can be extremely difficult,…