Introduction

Welcome to this edition of ITIC’s The Wire focusing on all things Know Your Client (KYC). A special thank you to everyone who attended the Know Your Client panel debate last month in association with the Institute of Chartered Shipbrokers to mark Maritime UK Week 2024. Below you can find a video with key highlights from the debate. 

This edition features an article, written by ITIC’s General Manager Robert Hodge, on the importance of thorough due diligence for ship managers, including pre-management surveys and continuous monitoring, to manage risks and protect reputations.

There are also two claims examples, that have arisen from real life situations that ITIC has paid and offered support with.

This edition concludes with an exclusive ITIC article outlining five essential tips for customer due diligence in shipping.