02/04/2015
International Transport Intermediaries Club (ITIC) has confirmed that a ship management company has been fined over a quarter of a million dollars in connection with a breach of clean air regulations in the United States.
16/03/2015
13/03/2015
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 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
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
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
The latest e-learning seminar from ITIC has just been released.
08/12/2014
This article, written by ITIC Claims Director, Andrew Jamieson, and Melanine Thomas, Account Executive appeared in the Shipping Network magazine.
04/12/2014
Careless errors by ship agents are resulting in costly claims, according to ITIC.
18/11/2014
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
ITIC has advised shipbrokers, consultants and other advisers not to sign confidentiality agreements which restrict their ability to do business.
24/10/2014
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.
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