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Many ITIC ship management Members have been asking ITIC to comment on letters of undertaking which the managers are being asked to sign. There are some general points to be aware of, which are highlighted in this e-learning seminar.
ITIC’s Legal Advisor, Mark Brattman, will guide you through the purpose of a letter of undertaking, key issues to consider and how a letter of undertaking might affect your cover with ITIC.
A mock ship managers’ undertaking wording can be found in the left hand side panel and can be read in conjunction with this seminar.