The Wire - Issue 3, August 2009 - Ship managers

The Wire is ITIC's e-newsletter. It is published and sent to insured members of ITIC and their brokers several times a year, with each issue focusing on a different area for transport industry professionals. This issue concentrated on ship managers.

02/08/2009

Ship management facts

Ship management facts from 2009

02/08/2009

Co-assurance on the owner's insurances

No manager should accept any argument from the owner or their insurers not to be a full co-assured on the owner’s P&I cover. We do come across examples where the manager is not a full joint member but it is very rare....

02/08/2009

Lay-up contracts

ITIC has seen a sharp increase in the number of lay-up contracts that we have been asked to review. Some of these lay-up agreements are based on an amended ship management contract where the manager acts as agent for and on...

02/08/2009

Purchase orders

This article featured in the 2009 edition of The Wire, which was sent to all ship managers.

02/08/2009

English law or American law - effect on limitation

If you are using a ship management agreement subject to English law, it is acceptable to use a standard limitation of liability clause as set out in the various BIMCO Shipman contracts. However, if your BIMCO Shipman contract is...

02/08/2009

Ship managers can be litigation targets in the US

by Peter D. Clark of Clark, Atcheson & Reiserthttp://www.navlaw.com/ Ship management is an integral part of today’s shipping industry. Ships require constant...

02/08/2009

Ship managers - limit your liability NOW!

The standard ship management agreement, BIMCO Shipman, has been around for over 20 years. The current version is BIMCO Shipman 98 and it is expected that another version will be published very shortly. The common thread through...

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