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14/11/2019
Commercial managers need to be fully aware of all limitations which ships under their management have, as regards to carriage of particular cargoes and, furthermore, must pay careful attention to the detailed description of...
In many trade contracts, where the specification of the product is important, buyers and sellers will often agree that the quality will be determined by an independent expert and that the expert’s findings shall be “final and...
One of the benefits of insurance with ITIC is the cover provided for defence costs. As a naval architect you could receive a claim from a vessel owner for a case you worked on even if you were not negligent in your design. The...
ITIC has, over the years, paid out large sums in respect of claims for damage to refrigerated cargo due to mistakes by ship agents in passing information on temperatures. Claims from the incorrect setting of reefer containers...
ITIC is often asked whether a ship broker is entitled to claim their commission. It is very important to remember that each case should be considered on its own facts.
ITIC provides a range of products for managers and agents which cover monies temporarily in the member’s care while in transit to a ship. The cover can also be extended to include monies, including petty cash, kept in the...
08/10/2019
An ITIC member, who is a surveyor, was appointed in 2013 by a buyer to sample a cargo of 3,000 MT of Ukrainian sunflower seed cake at a discharge port in Spain under GAFTA Rules. There was an underlying dispute between the buyer and seller as to the quality of the cargo. The surveyor, insured by ITIC, sub-contracted the job to a surveyor in Belgium, who in turn sub-sub-contracted the sampling to their office in Spain.
A ship agent in Spain was owed US$ 12,000 in outstanding disbursements by the owner of a tanker which had called at a Spanish port under their agency.
A shipbroker was arranging a fixture involving the loading of a variety of parcels. Various permutations of parcels and holds were discussed during the negotiations.
A container of frozen beef was carried on a liner service between Australia and China. Seven days after the ship departed Australia, the shipper realised that they had failed to obtain the necessary health certificate from the Australian Department of Agriculture and Water Resources prior to exporting the container.