ITIC Highlights The Perils Of E-Mail

Friday, February 25, 2000
Electronic communication is not totally secure despite a seemingly bug-free transition into 2000, warns The International Transport Intermediaries Club (ITIC). E-mail systems may help in reducing communication costs but they can still lead to substantial losses at the touch of a button. The latest issue of ITIC's Claims Review reports the case of a charterer who had invited tenders for a long-term charter. A shipbroker sent his principal's bid via an industry message system to the charterers' mailbox in the U.S. using an address code for the charterer. Unfortunately, the American system interpreted the code as a mailing list and the bid was circulated to a number of other owners. The principal did not secure the bid, claiming it was undercut as a result of its inadvertent publication. In another case, a shipbroker in Scandinavia was instructed by his principal to confirm re-delivery of a ship to its owners. He sent the notice of re-delivery to the owner's broker in the Far East by e-mail and requested confirmation of receipt. The owner's broker received the message but when he viewed it, it was blank and he had no idea what the message concerned. The system confirmed receipt to the Scandinavian broker who assumed the re-delivery notice had been received and accepted. The owners refused to accept re-delivery of the ship and a substantial claim was made against the Scandinavian broker. As part of its loss prevention services, ITIC has launched a survey in its latest Claims Review, addressing the use of electronic communications. Looking at the type of information sent via e-mail, frequency of use and problems encountered, the survey is designed to gauge the extent to which e-mail is currently used as a communication tool. The arrival of 2000 also brought a celebration for ITIC. Founded in 1925 as the Chartered Shipbrokers Protection Association, the club celebrates its 75th anniversary this year. In 1983, the Association joined forces with the International Ship Brokers and Agent's P&I Club Ltd (ISBA) to create the Chartered and International Ship Brokers Protection & Indemnity Association Ltd (CISBA). CISBA then merged with Transport Intermediaries Mutual (TIM) in 1992 to form the International Transport Intermediaries Club.
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

Offshore Service Vessels Design Innovation

It could be argued that no other sector of the maritime market has experienced a design innovation revolution quite like the Offshore Service Vessel (OSV) market.

Offshore: Seacor Raises the Bar Again

Long acknowledged as a firm to watch in U.S. crewboat and fast supply boat innovation, Seacor Marine will be attracting industry attention once again when its latest

Ecoshield Wins Industry Award

Subsea Industries, a Hydrex company, announced that its Ecoshield coating system, which offers protection from cavitation and corrosion/erosion damage for ship hulls,

Legal

Ex-BP Employee Settles Insider-trading Oil Spill Case

A former 20-year veteran of BP plc who oversaw the company's cleanup efforts from the Deepwater Horizon oil spill will pay more than $224,000 to settle civil charges

Somali Pirate Sentenced to 12 Years by German Court

A German court sentenced a Somali asylum-seeker to 12 years in jail on Thursday, for his involvement in the pirate hijacking of a tanker in the Indian Ocean in 2010.

DHL Expects Immunity in Price Fixing Investigation

Deutsche Post expects its DHL forwarding business to be granted immunity from prosecution and fines by Singapore antitrust authorities, who are investigating 11 companies for alleged price fixing,

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pod Propulsion Port Authority Ship Repair Shipbuilding / Vessel Construction 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: 0.0910 sec (11 req/sec)