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ITIC’s ship management Members have expressed concern when they are being asked to sign letters of undertaking. As such, ITIC have often been asked to provide advice and commentary. To answer some of the more general questions, ITIC has produced an e-learning seminar to highlight some of the issues to consider.
ITIC’s Legal Advisor, Mark Brattman, will guide you through the purpose of a letter of undertaking, highlighting the key points and looking at how a letter of undertaking could affect your cover with ITIC.
The seminar is available at www.itic-insure.com