Failure to check charterparty wording catches ship manager off guard International Transport Intermediaries Club (ITIC) has urged ship brokers and managers to check the terms of their charterparty agreements closely…
International Transport Intermediaries Club (ITIC) says the misreading of tariffs in shipping documentation is a common cause of costly claims. ITIC cites the case of a South American port agent…
For the 21st year in succession, International Transport Intermediaries Club (ITIC)* is to pay a continuity credit to all those members who renew their insurance cover during the 2016 policy…
The need for proper training, sound risk management, and contractual expertise were among the issues identified as essential to commercial success in a panel debate following the annual board meeting…
International Transport Intermediaries Club (ITIC) says recent claims experience demonstrates that naval architects need to be aware of the need to protect against their exposure to liability for damages resulting…
International Transport Intermediaries Club (ITIC) has confirmed that a ship management company has been fined over a quarter of a million dollars in connection with a breach of clean air…
International Transport Intermediaries Club (ITIC) says fraudulent diversion of funds is on the increase in the maritime sector. Having previously issued a warning about the fraudulent diversion of port expenses,…
International Transport Intermediaries Club (ITIC) has launched an e-learning seminar to help ship managers successfully negotiate the pitfalls they may encounter when asked to sign letters of undertaking. Particularly in…
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…
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…
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 explained that…
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…
ITIC has emphasised the need for marine surveyors and other shipping and transport intermediaries to include their terms and conditions in all their business dealings in order to protect their…