2013 Press & Bulletins

13/12/2013

Press Release: December 2013 - ITIC says broker follow-up is vital in fluctuating markets

ITIC says that the failure of shipbrokers to follow up on time-sensitive messages can have serious financial consequences, particularly in fluctuating spot markets.

25/11/2013

Press Release: November 2013 - ITIC warning for ship managers on unsuitable cargoes

ITIC has warned ship managers of the potentially severe financial implications of nominating unsuitable ships for the carriage of specific cargoes.

29/10/2013

Press Release: October 2013 - ITIC issues warning on forged documents

ITIC has warned shipping intermediaries to be on the look-out for cleverly forged documents which could result in them being held liable for substantial claims by cargo interests. 

27/08/2013

Press Release: August 2013 - ITIC puts ship agents on alert over immigration crew scams

ITIC has warned its members about a recent spate of crew scams which threaten to involve unwary ship agents in significant financial loss and exposure to fines and penalties by immigration authorities.

15/05/2013

Press Release: May 2013 - Invoicing error sees shipbroker saddled with bill for bunker supply

ITIC has revealed how an invoicing error led to a shipbroker being asked to foot the bill for a bunker supply amounting to more than three-quarters of a million dollars.

18/04/2013

Press Release: April 2013 - ITIC highlights value of diligent debt collection

ITIC has highlighted the value of diligently pursuing the collection of shipping industry debts in today’s difficult economic climate. In its latest Claims Review, ITIC notes that a shipbroker acting for charterers was owed...

25/03/2013

Press Release: March 2013 - ITIC warns on costs of US documentary disclosure

ITIC has warned that onerous documentary disclosure rules in the US courts can drastically increase the cost to shipping interests of defending even without-merit claims.

Press Release: February 2013 - P&I club correspondents under pressure to take out indemnity insurance

ITIC says P&I correspondents are coming under increasing pressure from clubs and from third parties to ensure that they have professional indemnity insurance.