2015 Press & Bulletins

11/11/2015

Press Release: November 2015 - Liner agent’s slip-up results in hefty fine by US Customs & Border Protection

International Transport Intermediaries Club (ITIC) has highlighted how a careless mistake by a liner agent resulted in the imposition of a fine of almost $300,000 by the US Customs and Border Protection.

12/10/2015

Press Release: October 2015 - Underwriters fall out with expert witness over valuation of fire-damaged vessel

International Transport Intermediaries Club (ITIC) has reported a case in which hull & machinery insurance underwriters instituted proceedings against a marine consultancy firm for alleged negligence in failing to properly review shipyard quotes in respect of the cost of repairing a fire-damaged vessel.

01/10/2015

Press Release: October 2015 - Shipping experts identify realities of risk in ITIC panel debate

The need for proper training, sound risk management, and contractual expertise were among the issues identified as essential to commercial success in a panel debate following the annual board meeting of the International Transport Intermediaries Club (ITIC) in Athens on 24 September. The panel, moderated by ITIC’s underwriter for Greece, Robert Hodge, and comprising Tim Jones of Barry Rogliano Salles (BRS), Bob Bishop of V Ships, Bjorn Tonsberg of Wilhelmsen Ships Service and Paul Herring of Ince & Co, was asked to debate The Realities of Risk, and what kept them awake at night.

15/09/2015

Press Release: September 2015 - Chemical tanker owner fails in claim against agent for low-sulphur fuel costs

International Transport Intermediaries Club (ITIC) has reported a case in which the owner of a chemical tanker made an unsuccessful claim against a port agent for costs incurred in taking on additional low-sulphur fuel at a European port.

18/08/2015

Press Release: August 2015 - Brazilian ship agent wins ITIC-sponsored FONASBA Award

The FONASBA Young Ship Agent or Broker Award 2015, sponsored by International Transport Intermediaries Club (ITIC), has been awarded to Renan Quieroz of Wilson Sons Ltda, Brazil. Aleksandra Obucina of Agent Plus D.o.o, Serbia, was also awarded a special ‘highly commended’ award for his submission.

15/05/2015

Press Release: May 2015 - Naval architects count the cost of ship design errors

International Transport Intermediaries Club (ITIC) says recent claims experience demonstrates that naval architects need to be aware of the need to protect against their exposure to liability for damages resulting from errors in design work.

23/04/2015

Press Release: May 2015 - Shipbroker loses interest but secures commission on sale by rival broker

International Transport Intermediaries Club (ITIC) has recently successfully settled a dispute over ship sale commission on behalf a shipbroker accused by a shipowner of incompetence.

02/04/2015

Press Release: April 2015 - Ship manager fined for breach of US sulphur emissions regulations

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.

13/03/2015

Press Release: March 2015 - ITIC warns on fraudulent diversion of funds

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...

24/02/2015

Press Release: February 2015 - ITIC launches ship management e-learning seminar

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.