News & Media

16/08/2016

Ship Management International column - Virtual robbery

It is a fact that violent crime has significantly reduced over the last few years. Why is this? Criminals have not changed; they still want to get their hands on your money. The answer is that it is easier stealing money in cyber space than robbing a bank in the real world. Shipping will always be an attractive target for fraudsters because of its international focus. ITIC has seen this trend of cyber fraud ever increasing, particularly involving fraudulent emails. The average cost of these frauds is US$120,000...

12/07/2016

Event: Singapore ship management seminar, Tuesday 16th August 2016

ITIC would like to invite you to a risk management seminar, in Singapore, to share their claims experiences, having insured ship managers for over 30 years...

03/07/2016

ITIC Circular: Container Weighing - VGM update - July 2016

The amendment to the Safety of Life at Sea Convention (SOLAS), which requires that all containers loaded onto a ship for export have a verified gross mass (VGM), came into force on 1st July.

06/06/2016

Press Release: June 2016 - ITIC launches cyber liability insurance extension

International Transport Intermediaries Club (ITIC) has launched a cyber liability extension to ITIC policies to protect its existing professional indemnity members against the growing threat posed by hackers.

30/05/2016

ITIC member and broker survey 2016 - how good are we?

Read the results from the latest ITIC member and broker survey... ITIC would like to thank all members and insurance brokers who took part in ITIC’s survey in January 2016. The feedback gained was very positive. This document will provide you with the results of the survey as well as ITIC’s response.

10/05/2016

Press Release: May 2016 - ITIC reports on costly transhipment errors by ship agents

International Transport Intermediaries Club (ITIC) says it continues to deal on a regular basis with claims resulting from errors by agents involving transhipment cargoes. In one case, an agent in Argentina failed to declare a cargo as transhipment cargo within fifteen days of the vessel’s arrival at Buenos Aires...

04/05/2016

Robin Travis Scholarship - 2016 applications

Robin Travis was a Thomas Miller director who had a love of Germany and was responsible for all our German business, initially for UK P&I Club and later for the Through Transport Club. He died suddenly and prematurely in 1991.In 1992, Thomas Miller set up a scholarship in his memory. The 19th Robin Travis scholarship will be awarded in 2016 and will provide a three-month internship for a motivated individual working in Germany, who wishes to progress their career and broaden their experience of the shipping, transport and insurance sectors...

04/05/2016

Event: ITIC insurance broker breakfast briefing, Manchester, Thursday 9th June 2016

ITIC will be hosting an informal breakfast briefing, for insurance brokers, to provide an overview of the marine, offshore and aviation sectors and the exposures faced by the professionals that work within these sectors...

21/04/2016

ITIC Circular: Fraud Warning - April 2016

ITIC issued circulars to members in 2014 and 2015 in relation to the fraudulent diversion of port expenses, hire/freight payments and cash to master expenses through interception of email communications...

08/04/2016

Press Release: April 2016 - ITIC to pay continuity credit for 21st year in succession

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 year, which begins on June 1, 2016...

05/04/2016

Publication: Read Claims Review, issue 34, online

The new edition of the Claims Review can now be read online. This edition was produced to coincide with the ITIC Board meeting held in Fremantle, Australia.

04/04/2016

Press Release: April 2016 - Court rejects €1.56m claim against marine surveyor accused of poor stowage

International Transport Intermediaries Club (ITIC) has warned that the wording of instructions can potentially widen the scope of liability for marine service providers, citing the recent case of a marine surveyor sued for €1.56m for alleged poor onboard stowage of a cargo.