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 September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

PDVSA Charters Another Algerian Crude Cargo

Venezuela's state-run oil company PDVSA has hired a supertanker to load a second 2 million-barrel cargo of Algerian crude, according to preliminary tanker fixture data.

VT Halter Begins Building LNG-powered ConRo Ships for Crowley

VT Halter Marine, Inc., a subsidiary of Vision Technologies Systems, Inc. (VT Systems), has commenced construction on the first of two liquefied natural gas (LNG)-powered,

NYK Line Joins PNW West Coast Metro Pool

Effective October 20, 2014, NYK Line has become a member of the PNW West Coast Metro Pool (WCMP) operated by Trac Intermodal. The WCMP operates chassis at all major marine terminals,

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Port Authority Salvage Ship Electronics Ship Repair Sonar Winch
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: 0.3005 sec (3 req/sec)