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14/11/2019

Ship agency claims review

ITIC has, over the years, paid out large sums in respect of claims for damage to refrigerated cargo due to mistakes by ship agents in passing information on temperatures. Claims from the incorrect setting of reefer containers...

14/11/2019

Ship broking claims review

ITIC is often asked whether a ship broker is entitled to claim their commission. It is very important to remember that each case should be considered on its own facts.

14/11/2019

Ship management claims review

ITIC provides a range of products for managers and agents which cover monies temporarily in the member’s care while in transit to a ship. The cover can also be extended to include monies, including petty cash, kept in the...

08/10/2019

A GAFTA gaffe

An ITIC member, who is a surveyor, was appointed in 2013 by a buyer to sample a cargo of 3,000 MT of Ukrainian sunflower seed cake at a discharge port in Spain under GAFTA Rules. There was an underlying dispute between the buyer and seller as to the quality of the cargo. The surveyor, insured by ITIC, sub-contracted the job to a surveyor in Belgium, who in turn sub-sub-contracted the sampling to their office in Spain.

08/10/2019

Unpaid disbursements

A ship agent in Spain was owed US$ 12,000 in outstanding disbursements by the owner of a tanker which had called at a Spanish port under their agency.

08/10/2019

Parcel problems

A shipbroker was arranging a fixture involving the loading of a variety of parcels. Various permutations of parcels and holds were discussed during the negotiations.

08/10/2019

Cows come home

A container of frozen beef was carried on a liner service between Australia and China. Seven days after the ship departed Australia, the shipper realised that they had failed to obtain the necessary health certificate from the Australian Department of Agriculture and Water Resources prior to exporting the container.

08/10/2019

Double trouble

A ship agent in Central America made two mistakes in relation to cargo on a ship coming into port which led to two customs fines.

08/10/2019

The importance of terms

A surveyor was appointed by an insurance company to assess damage suffered by a yacht following a heavy storm.

08/10/2019

Delay makes it unusual

ITIC has often assisted ship agents who have received demands from trustees in bankruptcy seeking to recover disbursements paid to the agent in the period shortly prior to their principal entering bankruptcy. The agent will frequently have settled with suppliers and face a loss if they have to return money. While ITIC does not cover the amounts at stake, agreed legal costs can be reimbursed under the debt collection cover.

Claims Review

Ship agency claims review

Ship broking claims review

Ship management claims review

A GAFTA gaffe

Unpaid disbursements

Parcel problems

Cows come home

Double trouble

The importance of terms

Delay makes it unusual

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