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30/04/2009
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 for the navy to assist the...
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 for a...
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. After the client took...
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 follow-up survey. Although the...
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, considerably less than the...
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 2.5% commission into the...
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 dry dock. The agent had been...
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 bond with the Suez Canal...
01/01/2009
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 ordered 900 M/T HFO380CST....
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 for our ship going to...