ITIC Launches Terms for Surveyors and Consultants

Thursday, February 13, 2003
Despite most companies in the transport and shipping industries having their own trading terms and conditions, very few surveyors and consultants follow suit. In a bid to encourage them to adopt their own conditions, the International Transport Intermediaries Club (ITIC) has launched its Standard Terms for Surveyors and Consultants. Available to all ITIC members free of charge, and downloadable from www.itic-insure.com, ITIC's standard terms offer surveyors and consultants a variety of draft clauses covering issues such as payment terms, obligations and responsibilities, liability, indemnity, insurance, right to sub-contract, time bar and jurisdiction and law.

"There are many benefits to having trading terms and conditions in place," explains Julia Mavropoulos, claims director at ITIC. "Not only can they help protect you in the event of a claim against you, they can also help assist you when making a claim yourself. While in the majority of cases business goes ahead smoothly, on those rare occasions when a dispute arises, having trading terms and conditions in place could prove vital." As with all contractual terms, it is important that users ensure they are properly incorporated into their dealings with other parties. ITIC urges members to seek advice from their usual legal advisor prior to use of any new trading terms and conditions.

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

People & Company News

Sjo Resigns from Polarcus Board of Directors

Polarcus Limited announced that Hege Sjo will resign from its board of directors effective February 2, 2015.   Sjo has accepted an appointment as Deputy Director

Congestion is Port of Long Beach’s Toughest Issue

Slangerup’s State of the Port address outlines goals for Energy Island, smarter supply chain   In his first-ever State of the Port address, Port of Long Beach

Chevron Scraps 2015 Share Repurchase Program

Chevron Corp halted its 2015 share repurchase program on Friday, a move to conserve cash amid tumbling oil prices.   The company's shares extended loses on the news,

 
 
Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | 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: 0.2111 sec (5 req/sec)