The Swedish Club: resilience in a difficult year

The Swedish Club demonstrated its resilience in 2011 which was a “challenging and volatile claims year” – this according to Managing Director Lars Rhodin, who addressed the Club’s Board meeting yesterday in Singapore. “Last year was a contrast to a highly positive 2010. It demonstrated the inherent volatility of marine insurance. Yet, despite several large […]

Ship agents under increasing pressure from telex releases

The International Transport Intermediaries Club (ITIC) has said mistakes in arranging so-called ‘telex releases’ are a frequent and growing source of claims against ship agents. ITIC said the practice – whereby liner agents frequently have to arrange for cargo to be released against bills of lading surrendered at the port of loading – is risky, […]