2016 Press & Bulletins

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.

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.

06/06/2016

Press Release: June 2016 - ITIC launches cyber liability insurance extension

International Transport Intermediaries Club (ITIC) has launched a cyber liability extension to ITIC policies to protect its existing professional indemnity members against the growing threat posed by hackers.

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...

08/04/2016

Press Release: April 2016 - ITIC to pay continuity credit for 21st year in succession

For the 21st year in succession, International Transport Intermediaries Club (ITIC) is to pay a continuity credit to all those members who renew their insurance cover during the 2016 policy year, which begins on June 1, 2016...

04/04/2016

Press Release: April 2016 - Court rejects €1.56m claim against marine surveyor accused of poor stowage

International Transport Intermediaries Club (ITIC) has warned that the wording of instructions can potentially widen the scope of liability for marine service providers, citing the recent case of a marine surveyor sued for €1.56m for alleged poor onboard stowage of a cargo.