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ITIC alerts parties to closely check on charterparty terms

The International Transport Intermediaries Club (ITIC) alerts ship brokers and managers to closely check the terms of their charterparty agreements prior to signing, in order to avoid future mistakes. ITIC pointed out that it has seen a number of claims caused by ship brokers and managers concerning their recollection of a charter party wording, as opposed to checking what the charterparty actually said. On this occasion, ITIC reimbursed the full claim of $150,000.

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Ship manager not guilty over owner’s negligence accusations

nternational Transport Intermediaries Club defended a ship manager against negligence allegations, that a shipowner made after the loss of a lifeboat overboard. The lifeboat was drifting off the port of Naze, Japan, after the master reported it missing. Considering the cost of changing the ship's course to recover the lifeboat, compared to the cost of replacing it, it was decided to abandon it.

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