The Claims Review - Issue 49 - October 2023

Claims Review 49

Claims Review 49 (Simplified Chinese)

Welcome to the October edition of ITIC's Claims Review

26/10/2023

Welcome to the October edition of ITIC's Claims Review

The ITIC board met for their September board meeting in Genoa. There was a drinks reception at the Hotel Cenobio dei Dogi which was well attended by many members, insurance brokers and important contacts.
Something fishy

26/10/2023

Something fishy

ITIC’s member is a designer of fish farms. They designed a fish farm which was fabricated in Asia and delivered to the end user based in the UK.
Bad Bills

26/10/2023

Bad Bills

A ship agent was presented with a correctly endorsed bill of lading by the consignee’s nominated clearing agent and in line with usual procedures issued the Delivery Order for clearing the cargo.
Unamended disaster

26/10/2023

Unamended disaster

In the MYBA charter agreement if an owner sells the yacht after they have already agreed a charter they have to pay damages to the charterers. The amount of the damages depends on the amount of notice they give the charterers.
Surplus sulphur

26/10/2023

Surplus sulphur

A port agent was asked by the Master of a ship what the sulphur requirements were at berth.
Interview with Ioanna Efthymiou

26/10/2023

Interview with Ioanna Efthymiou

The newest member of the ITIC team Ioanna Efthymiou, trainee account executive, sits down with the Editor of the Claims Review for this interview. 
Management mistakes

26/10/2023

Management mistakes

A ship manager managed two ships for the same owner pursuant to two BIMCO Shipman contracts.
Gas field of dreams

26/10/2023

Gas field of dreams

An offshore surveying firm, offering geophysical surveys, signed a contract with an oil company for the provision of geophysical surveys and geotechnical surveys over offshore gas fields.
War! (risk premium) - Who is it good for? Absolutely not the broker if they forget to pass on the quote

26/10/2023

War! (risk premium) - Who is it good for? Absolutely not the broker if they forget to pass on the quote

A tanker was fixed for a voyage. The voyage included an option to call at an additional war risk premium (AWRP) area. As per the terms of the charter party the charterer was liable to pay the AWRP if the ship was to go to the area.
Storage wars

26/10/2023

Storage wars

In respect of a voyage charter, the charterer nominated an ITIC member as the discharge port agent.
Ask the Editor

26/10/2023

Ask the Editor

Is there really a difference between negligence and gross negligence under English law?

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