Finance, Taxes, Insurance
Indemnity Insurer Calls for Clearer Charter Contracts
Charter contracts can be unclear over who gets paid what and how
EBACE 2023
Lack of clarity in contracts between charter brokers and operators can create legal headaches, according to indemnity insurance specialist ITIC. © AIN David McIntosh

Ambiguities in charter flight contracts are giving rise to misunderstandings between operators, brokers, and their clients, according to professional indemnity insurance specialist ITIC. The London-based group is urging the industry to adopt more consistent contracts that would provide more transparency over the terms of remuneration and clearer roles for service providers.

“Aviation is very heavily regulated and safety conscious, but too many charter contracts create ambiguity and are making money for lawyers,” ITIC aviation director Melanie Daglish told AIN.