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

Finance

Indonesia Expects Total to Decide on Mahakam within days

French oil firm Total  will decide how much interest it will retain from 2018 in Indonesia's offshore Mahakam oil and gas block over the next two days, the

Asia-N Europe Container Freight Rates Jumps 60%

Shipping freight rates for transporting containers from ports in Asia to Northern Europe rose by 60.4 percent to $879 per 20-foot container (TEU) in the week ended on Friday,

Stena RoRo Charters Three Vessels

Stena RoRo has reached an agreement with the Finnish shipping company Godby Shipping to long-term charter their three RoRo vessels Misida, Misana and Miranda.

Casualties

Search for Missing after Philippine Ferry Sinks, 38 dead

Divers will search waters in the central Philippines on Friday for 15 people still missing after a ferry carrying 187 passengers and crew sank a day earlier,

New Imagery Allows Viewers to ‘Tour’ WWII Shipwrecks

High-tech underwater cameras help uncovering the secrets of HMAS Sydney   A recent expedition to survey historic World War II shipwrecks has produced a wealth

Philippine Ferry Sinks, 36 Dead

A ferry carrying 189 passengers and crew capsized off the central Philippines in heavy waves on Thursday, killing at least 36 people but the majority of those on board were rescued,

 
 
Maritime Contracts Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Winch
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: 0.1076 sec (9 req/sec)