International Transport Intermediaries Club

Failure to read charterparty terms can prove expensive

Professional indemnity insurer International Transport Intermediaries Club (ITIC) is urging ship brokers and managers to check the terms of their charterparty agreements closely before signing, in order to avoid costly mistakes further

  • News

Shipbroker liable for fixture error

JUNE 4, 2018 — Professional indemnity insurance provider International Transport Intermediaries Club (ITIC) recently helped a shipbroker reduce its level of exposure to claims from a charterer for damages and loss of