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Cash was stolen from a Master’s safe on a vessel. The matter was reported to the local police and investigated. The Master also initiated his own onboard investigations.
The safe had a combination lock and only the Master knew the combination number. It was thought, after the Master’s investigation, that one of the crew was the thief, but he had left the ship before the missing cash was detected and was unavailable for further questioning. The suspected crew member was often seen in the Master’s cabin and had possibly sighted the combination of the safe when he asked the Master for additional cash from his allocation.
ITIC’s Member was insured for loss of cash on board and was reimbursed by ITIC the USD 18,000 stolen.