Payment Fraud on the Rise, ITIC Warns
P&I correspondents are being urged to strengthen their payment verification procedures after a fraudster intercepted email communications during a sensitive crew claim and diverted a US$200,000 settlement, according to International Transport Intermediaries Club (ITIC).In a case cited in ITIC’s most recent Claims Review, a P&I correspondent was managing a sensitive crew-claim settlement when a third party intercepted email communications and began impersonating several individuals involved in the process…
Bernhard Schulte Shipmanagement Extends Crew Payment with ShipMoney
ShipMoney has expanded its agreement with Bernhard Schulte Shipmanagement (BSM) to include the ship manager’s global fleet.Extending the existing agreement to the worldwide fleet reinforces BSM’s commitment to digitizing its payment processes to enable greater financial management efficiencies for all crew wages and CTM payments while offering seafarers freedom and flexibility to manage their wages.ShipMoney is a purpose-built proprietary digital account management system which enables bespoke scalable payment solutions.
