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18/11/2016

Press Release: November 2016 - ITIC warning on the price to be paid for misreading tariffs

International Transport Intermediaries Club (ITIC) says the misreading of tariffs in shipping documentation is a common cause of costly claims.

25/10/2016

Press Release: October 2016 - ITIC warns that failure to follow lay-up procedure can be costly

International Transport Intermediaries Club (ITIC) has reported a case in which a lay-up manager was held liable for a $250,000 contribution to a claim for extensive damage to a vessel whilst in lay-up.

12/10/2016

Ship Management International column October 2016 - Reports alone are not enough

The following article appeared in the September/ October 2016 edition of Ship Management International. Stuart Munro explains why ship managers should ensure that important information and recommendations about deficiencies are confirmed in writing

27/09/2016

Press Release: September 2016 - Tanker brokers count cost of failure to pass on claims documentation

International Transport Intermediaries Club (ITIC) says delay in submitting - or failure to pass on - documentation is the most common cause of claims against tanker brokers. Moreover, the tightening of procedures in a difficult market may serve to make such failures more costly.
ITIC at Lloyd's

20/09/2016

ITIC at Lloyd's

Commencing Monday 26th September, ITIC underwriters are available on a Monday and Wednesday morning in Lloyd's.
Robin Travis Scholar 2016 announced

08/09/2016

Robin Travis Scholar 2016 announced

We are delighted to announce that Jan Döhle has been selected as this year’s Robin Travis Scholar.

23/08/2016

Event: Broker breakfast briefing on ITIC's additional products - Thursday 29th September 2016

ITIC are hosting an informal breakfast briefing, for insurance brokers, to provide an overview of the additional products offered, in addition to E&O cover.

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

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...

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