News & Media

13/03/2015

Press Release: March 2015 - ITIC warns on fraudulent diversion of funds

International Transport Intermediaries Club (ITIC) says fraudulent diversion of funds is on the increase in the maritime sector.Having previously issued a warning about the fraudulent diversion of port expenses, ITIC says it is now seeing evidence of similar frauds being perpetrated across the wider marine industry. In a typical such fraud, the party due to make a payment will receive a bogus message altering the recipient’s bank details...

12/03/2015

ITIC Circular: Fraud Warning - March 2015

ITIC issued a circular to Members in 2014 in relation to the fraudulent diversion of port expenses. Unfortunately ITIC is seeing evidence of similar frauds being perpetrated across the wider marine industry and advises all Members to be vigilant.

24/02/2015

Press Release: February 2015 - ITIC launches ship management e-learning seminar

International Transport Intermediaries Club (ITIC) has launched an e-learning seminar to help ship managers successfully negotiate the pitfalls they may encounter when asked to sign letters of undertaking.

10/02/2015

Event: ITIC seminar and drinks reception in Dubai on Wednesday 25th March 2015

ITIC are hosting a seminar and drinks reception in Dubai on Wednesday 25th March 2015, for all Members and insurance brokers. This event coincides with the spring ITIC Board meeting.

09/02/2015

New E-learning Seminar - A guide to Ship Managers' Undertakings

The latest e-learning seminar from ITIC has just been released.

08/12/2014

ITIC IN THE NEWS - Don’t take amendments at face value - article from the ICS Shipping Network magazine

This article, written by ITIC Claims Director, Andrew Jamieson, and Melanine Thomas, Account Executive appeared in the Shipping Network magazine.

04/12/2014

Press Release: December 2014 - ITIC says careless errors result in claims against ship agents

Careless errors by ship agents are resulting in costly claims, according to ITIC.

18/11/2014

FAQs relating to OW Bunkers

OW Bunker A/S the global marine fuel company filed for bankruptcy on the 7th November 2014 and reported two senior employees for fraud. The company had operations in 29 countries, and as one of the world’s largest independent bunker logistic companies had an estimated global market share of 7%. The UK Defence Club have compiled a FAQ relating to OW Bunkers to assist Members.

11/11/2014

Press Release: November 2014 - ITIC warns on pitfalls of confidentiality agreements

ITIC has advised shipbrokers, consultants and other advisers not to sign confidentiality agreements which restrict their ability to do business.

24/10/2014

Press Release: October 2014 - FONASBA endorses ITIC' s post-fixture clause

ITIC has recommended that brokers place a post-fixture clause at the end of recap messages in order to reduce the chances of exposure to severe financial loss as a result of important messages being overlooked.

09/10/2014

Press Release: October 2014 - ITIC warns of email fraud

ITIC has warned of continued attempts by fraudsters to target payments between shipping companies. Speaking at the 45th FONASBA Annual Meeting in Gothenburg, ITIC claims director Andrew Jamieson explained that recent cases had been variations on earlier frauds...

01/10/2014

Read the latest edition of ITIC's Year Book, 2014

ITIC's Year Book 2014 is now available to read online.