News & Events

28/04/2020

Press Release: Acting as a principal or an agent – the difference is important, says ITIC

When intermediaries are involved in complex projects, it is important that they fully understand how the legal relationship with suppliers is created. This will avoid someone who means to contract as an agent from unwittingly being liable as a principal.

23/04/2020

ITIC circular: Coronavirus loss prevention checklist

A business loss prevention checklist in the time of Coronavirus...

14/04/2020

Press Release: Brokers should consider ship valuation wordings due to Coronavirus, says ITIC

During these unprecedented times, the International Transport Intermediaries Club (ITIC) recommends that brokers should consider stressing the current unusual market conditions in their ship valuation certificates.

08/04/2020

Press Release: ITIC warns of issues with receiving original bills of lading

As the world continues to face lockdowns due to the Coronavirus outbreak the International Transport Intermediaries Club (ITIC) has issued advice that warns port agents of issues with receiving original bills of lading.

06/04/2020

ITIC circular: COVID-19: Air charter brokers advised to check contracts

ITIC would like to remind all air charter brokers of the importance of checking - and double-checking - that all charter contracts with the flying customer are on a fully back-to-back basis with the operator’s terms. This is all the more important during this time of unprecedented restrictions on travel, both domestic and international.

31/03/2020

ITIC circular: issues with receiving original bills of lading

During this extraordinary time of lockdowns around the world, there will be issues with receiving the original bills of lading. Port agents may be asked by consignees to deliver goods to them without providing a bill of lading in return.

30/03/2020

ITIC circular: Ship valuation wordings and the Coronavirus outbreak

In the aftermath of the financial crisis of 2008 brokers providing valuations included additional wording in their certificates reflecting the state of the market. These generally pointed out that the lack of comparable sales made the assessment of values uncertain.

17/03/2020

Maintaining business continuity and managing risk during the COVID-19 outbreak

In response to the COVID-19 outbreak all ITIM staff are now working from home. ITIC remains fully operational during this time.

02/03/2020

Press Release: ITIC warns members of fraudulent invoices relating to coronavirus testing

ITIC, the International Transport Intermediaries Club, has been receiving an increasing number of reports of fraudulent invoices being submitted to vessel owners and managers for medical testing services following the outbreak of the coronavirus.

27/02/2020

ITIC circular: Coronavirus fraud

ITIC has received reports of fraudulent invoices being submitted to owners for the provision of medical testing services in relation to the coronavirus.

17/02/2020

Ship Management International column - Can you deliver on your crew?

The following article appears in the January/February 2020 edition of Ship Management International.

02/12/2019

Press Release: Naval architects must check provenance of third-party designs, says ITIC

In a recent case, an International Transport Intermediaries Club (ITIC) member faced legal action for unwittingly infringing design copyright. The member, a naval architect, was asked by a customer to provide final designs and specifications for a workboat based on existing plans supplied by them. As the customer’s stamp was clearly shown on the plans, the naval architect assumed that the customer retained ownership.