Put it in writing, warns ITIC

Thursday, May 02, 2002
Failure to confirm details in writing could have serious financial consequences for intermediaries, warns the International Transport Intermediaries Club (ITIC) in its latest Claims Review. In one case, an in-house liner agent received a booking for eight metal-clad switchgear units to be transported by his principal's service to Panama. Although the agent informed the shipper by telephone that he could not guarantee underdeck stowage for the switchgear, he failed to confirm this in writing. The units were stowed on deck and suffered wet and rust damage. The consignee refused to take delivery and the shipper sued the shipping line for $900,000 plus interest and costs. The case was in court for several years and was eventually settled by the line for $600,000, of which $500,000 was contributed by the in-house ship agent. If the agent had confirmed what he said on the telephone in writing, this claim would not have been pursued. Elsewhere in the Claims Review, agents are reminded of the need to have their own standard trading conditions. For example, a UK liner agent booked the carriage of an electrical cable from Southampton to Singapore via Felixstowe. During trucking, the cable struck the underside of a bridge. The cable was inspected and, as the damage appeared to be to the packing only, it was put on the ship. Unfortunately, when fully unpacked on arrival in Singapore, the cable was found to be useless for its intended purposes and a claim for $500,000 was presented to the line. The place of receipt on the bill of lading was Felixstowe and the UK liner agent was therefore acting for cargo during the pre-carriage. Fortunately, the agent had notified the cargo interests of his own standard trading conditions by means of a footnote on the booking confirmation and was able to limit his liability. If he had not done so he would have had to pay for the value of the cargo and probably any consequential losses too. ITIC is a specialist mutual insurer of professionals in the transport industry. It is managed by ITIM Co Ltd, a Thomas Miller company.
Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Wintershall Takes Over Operatorship of Norwegian Subsea Oil and Gas Field

Wintershall has taken over the operatorship of the subsea oil and gas field Vega from Statoil, Wintershall announced today.   Vega is the BASF subsidiary’s

Two Mooring Tugs Delivered to NSW

Nakilat Damen Shipyards Qatar (NDSQ) has delivered two new Qatari-built mooring tugs to towage operator Nakilat SvitzerWijsmuller (NSW).   The delivery of the

Maersk Oil Hires Ampelmann Gangway System

After having performed a walk to work (W2W) campaign in the summer of 2014, Motion Compensation Gangways (MCG) developer Ampelmann has again been awarded a contract

Finance

Stronger Panamaxes Boost Baltic Sea Freight Index

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, made minor gains on Thursday on higher rates for the panamax and smaller vessel segments.

Egypt: Suez Canal Zone to Make Up 30-35% of Economy

Egypt expects a planned economic zone near the Suez Canal to eventually make up about a third of Egypt's economy, the country's investment minister said on Thursday.

Australia Announces Patrol Boat Tender

Tender announced for Pacific Patrol Boat Replacement Project   The Australian Government announced a Request for Tender (RFT) to replace the Pacific Patrol Boats

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Port Authority Salvage 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: 0.0957 sec (10 req/sec)