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You are here: Home → Archive → 2009 → October → 28 → Verify authority, shipbroker body warns

Verify authority, shipbroker body warns

by Rob McKay — last modified Oct 28, 2009 12:19 PM

The Global Hawk case has prompted an Institute of Chartered Shipbrokers (ICS) warning of the dangers of complacency in shipbroking processes.

The recent Federal Court case centred on the relationship between shipbrokers, clients and customers and a mistaken belief on who had authority to make deals.

While, in the vast majority of transactions, the proper authority assumed does exist, "this...

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