International Transport Intermediaries Club Ltd (ITIC) News

An arbitration dispute highlighted in the latest Claims Review by the International Transport Intermediaries Club (ITIC) has concluded with a shipbroker settling a $380,000 claim. Accused of breach of contract and negligence for not disclosing critical navigation restrictions to charterers, the case underscores the paramount importance of transparent communication and due diligence in the shipbroking industry. The incident The incident began when a shipbroker arranged a charter party (CP) agr...