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War! (risk premium) - Who is it good for? Absolutely not the broker if they forget to pass on the quote

26/10/2023

War! (risk premium) - Who is it good for? Absolutely not the broker if they forget to pass on the quote

A tanker was fixed for a voyage. The voyage included an option to call at an additional war risk premium (AWRP) area. As per the terms of the charter party the charterer was liable to pay the AWRP if the ship was to go to the area.
Gas field of dreams

26/10/2023

Gas field of dreams

An offshore surveying firm, offering geophysical surveys, signed a contract with an oil company for the provision of geophysical surveys and geotechnical surveys over offshore gas fields.
Interview with Ioanna Efthymiou

26/10/2023

Interview with Ioanna Efthymiou

The newest member of the ITIC team Ioanna Efthymiou, trainee account executive, sits down with the Editor of the Claims Review for this interview. 
Surplus sulphur

26/10/2023

Surplus sulphur

A port agent was asked by the Master of a ship what the sulphur requirements were at berth.
Unamended disaster

26/10/2023

Unamended disaster

In the MYBA charter agreement if an owner sells the yacht after they have already agreed a charter they have to pay damages to the charterers. The amount of the damages depends on the amount of notice they give the charterers.
Bad Bills

26/10/2023

Bad Bills

A ship agent was presented with a correctly endorsed bill of lading by the consignee’s nominated clearing agent and in line with usual procedures issued the Delivery Order for clearing the cargo.
Something fishy

26/10/2023

Something fishy

ITIC’s member is a designer of fish farms. They designed a fish farm which was fabricated in Asia and delivered to the end user based in the UK.
Welcome to the October edition of ITIC's Claims Review

26/10/2023

Welcome to the October edition of ITIC's Claims Review

The ITIC board met for their September board meeting in Genoa. There was a drinks reception at the Hotel Cenobio dei Dogi which was well attended by many members, insurance brokers and important contacts.
Ask the Editor

16/05/2023

Ask the Editor

Please continue to send in your questions – we are enjoying them. You can email us at askeditorCR@thomasmiller.com
Not ready for NOR

16/05/2023

Not ready for NOR

A ship agent in the US failed to issue a Notice of Readiness (NOR) to the terminal in time, resulting in a delay of just under five days.

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