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Claims Review 49

26/10/2023

Claims Review 49

Welcome to the October edition of ITIC’s Claims Review. This edition of the Claims Review provides a selection of marine cases recently handled by ITIC. We hope that these case stories will be of interest to you and will also help you to identify potential problems in order to avoid these types of situations occurring in your businesses.
October, 2023 - Israel-Gaza conflict: contractual implications FAQs

25/10/2023

October, 2023 - Israel-Gaza conflict: contractual implications FAQs

The following FAQs have been put together to provide general guidance and to highlight the type of contractual issues that might arise following the conflict in Israel-Gaza. The situation is very fluid and Members are advised...

The importance of co-assurance for ship managers ITIC Insight podcast episode

25/10/2023

The importance of co-assurance for ship managers ITIC Insight podcast episode

Ayşegül Wallis, Account Executive at ITIC, spoke with Ester Toumpouris, Partner at Ince in Cyprus, about the “Ocean Victory” Bulk Carrier. Due to the co-assurance provisions, the subrogated insurers were not entitled to claim against the demise charterer. In this episode, Ester sheds light on co-assurance and the relevant BIMCO co-assurance clause.

25/10/2023

The importance of co-assurance for ship managers

Ayşegül Wallis, Account Executive at ITIC, spoke with Ester Toumpouris, Partner at Ince in Cyprus, about the “Ocean Victory” Bulk Carrier, which lost steerage and subsequently grounded. The crew were safely evacuated from the vessel before she broke apart. This was followed by the court case in 2006 regarding a breach of the safe port obligation warranty. Even though The Ocean Victory is a case concerning safe port obligation, the Supreme Court thought that the co-assurance clause is equally essential. Due to the co-assurance provisions, the subrogated insurers were not entitled to claim against the demise charterer. In this episode, Ester sheds light on co-assurance and the relevant BIMCO co-assurance clause.

The Air Charter Broker Wire 2023

04/10/2023

The Air Charter Broker Wire 2023

The air charter broking industry can often be a little confused when it comes to working out the broker’s role in the chartering arrangement.
Singapore Seminar - Don't be fuelled: Bunkering myths debunked

29/09/2023

Singapore Seminar - Don't be fuelled: Bunkering myths debunked

The quality of bunker fuel continues to be a source of concern for shipowners and charterers. This seminar will look at steps that can be taken to reduce the risk and extent of fuel-related claims. Speakers include...

Bunkers: A Guide to Quality and Quantity Claims

28/09/2023

Bunkers: A Guide to Quality and Quantity Claims

The quality of bunker fuel continues to be a source of concern to shipowners and charterers. Over the last 40 years or so, enhanced refining techniques have resulted in a decline in the quality of residual fuel. Unfortunately,...

AIM Member Social 26th September 2023 – Plymouth

25/09/2023

AIM Member Social 26th September 2023 – Plymouth

Thanks to AIM’s Member Mountbatten Watersports & Activities Centre, Plymouth for letting us host our Member gathering on 26th September .  It was great to see so many of you make the afternoon. The Centre commands stunning views looking out towards Plymouth’s historic Barbican area, the Hoe and across to Mount Edgecumbe.