Coronavirus Outbreak: BIMCO Answers Top 5 Questions On Contracts And COVID-19

The COVID-19 pandemic is causing uncertainty about port calls and the allocation of liabilities and responsibilities under charter parties. In this short video Grant Hunter talks to BIMCO’s head of Support & Advice, Merete Greisen, about answers they give members to the five most frequently asked questions.

The Top 5 questions BIMCO receives related to contracts and the coronavirus are:

1. Are ports considered unsafe?
2. Is this a ‘force majeure’ situation?
3. What about laytime – will it run?
4. Will a ship remain on hire?
5. Can the charter party be cancelled?

In this short video Grant Hunter talks to BIMCO’s head of Support & Advice, Merete Greisen, about answers they give members to the five most frequently asked questions.

Reference: bimco.org

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