ITIC Urges Brokers to Call

Monday, October 10, 2005
Filing demurrage claims electronically could be costing shipbrokers significant sums of money, according to International Transport Intermediaries Club (ITIC). While e-mail may be quick, cheap and easy, brokers are being urged to ensure they have a system in place to confirm receipt of not only demurrage statements but all time sensitive documents.

In the past, brokers have used courier services to send claim documentation to charterers. According to ITIC, principals are increasingly adopting a policy for claims to be sent electronically. Although this can save on costs, it can also be unreliable. "It is not enough for the broker to simply send the message and forget about it," says the Club. "A common suggestion is that if the broker has not received an acknowledgment within 48 hours then the broker should telephone the principal to check that the message has been received. The cost of a call is minimal compared to the amount at stake."

Each year ITIC pays claims caused by shipbrokers which could have been prevented by a simple phone call. In some cases, by the time the problem was discovered, the claim had become time barred under the terms of the relevant charterparty. "This is the most common cause of claims against tanker brokers and with high freight levels these can be for significant sums of money," says ITIC.

Faced with the charterer's denial that the claim ever reached them, all that the broker may be able to prove is that its Internet Service Provider forwarded a message. This does not confirm receipt. "The majority of principals who have asked brokers to use e-mail have said that they will acknowledge the claim. The implication is that without such receipt, the principal will not accept that the claim has been delivered," warns the Club.

Maritime Reporter October 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Market Growth to Bring More Carnival Ships to China

Eying a rapidly growing cruise market, Carnival Corporation announces plans to sail more ships from China The Chinese cruise market, expected to become the world’s

Saudi Shipper Bahri Q3 Net Profit Rises

National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, reported a 501 percent increase in third-quarter net profit on Tuesday.

Noreco CEO Quits

Norwegian Energy Company ASA (Noreco) announces that Tommy Sundt is stepping down as CEO of Noreco ASA. Since joining Noreco in September 2014, Tommy Sundt


NYK Joanna Rescues Fishermen off Philippines Coast

On October 3, NYK Joanna, a containership operated by NYK, rescued seven fishermen in distress off the coast of the Philippines. While the NYK vessel was sailing on October 3 from Vungtau,

Value of Fire-damaged Vessel Disputed

Press release - International Transport Intermediaries Club (ITIC) has reported a case in which hull and machinery insurance underwriters instituted proceedings

20 Nations Reinforce their Commitment to Fight Piracy

Senior officers from Australia and 19 other nations attended the Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP)

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Pod Propulsion Port Authority Ship Electronics Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1150 sec (9 req/sec)