Professional indemnity cover for shipping professionals is provided by International Transport Intermediaries Club (ITIC). It covers claims of negligence, errors and omissions and can extend to specialist areas like directors' and officers' insurance, debt collection, commission income, loss of management fees, cash in transit and cargo liability insurance.www.itic-insure.com
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As part of the celebrations, the Club organised a competition, “Investing in a Safer Tomorrow” which challenged a new generation of young seafarers and upcoming shipping professionals from around the world to identity fresh safety initiatives. Over 200 entries were received – the winner and the finalists are honoured here in this commemorative book.
Canada - Time Bars
Canada is a federal state, in which law-making powers of the central (federal) Parliament and of each of the ten provinces are exclusive and respectively sovereign, and are assigned to one or other of the levels of government essentially according to subject-matter. Most particularly, the power to make laws in relation to "navigation and shipping" is assigned exclusively to the federal Parliament, and scope of this power is interpreted to include matters of contract, tort and agency "integrally connected with maritime matters ... in the modern context of commerce and shipping".