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:

Are ports considered unsafe?
Is this a ‘force majeure’ situation?
What about laytime – will it run?
Will a ship remain on hire?
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

NOTE: Marine Insight does not have enough information to verify this video and cannot vouch for its accuracy. This video is for information purpose only.

Marine Insight does not own the rights of the video.