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At first recovery needs to be sustainable – then tightening of public stimulus needs to be coherent and must not take place too soon
Recovery is on the way – but unequally distributed, with lack of private consumption in advanced economies
Much depends on whether public stimulus will be followed by “real” demand. Global economy: The global economy has returned to positive growth following dramatic declines.
The world economy has stopped shrinking – Coming quarters could prove strong. Global economy: The International Monetary Fund is expecting a V-shaped recession with fairly quick recovery and positive quarterly growth figures in 2010. However, this is just one of
The sanctions landscape has grown increasingly complex. International sanctions regimes are constantly changing with new restrictions being added and new persons and entities being listed. A violation of sanctions restrictions can have severe consequences and in the worst cases can lead to parties being listed as sanctioned parties. Therefore, carefully worded sanctions clauses in contracts of affreightment are vital for internationally trading companies to help them manage and mitigate their sanctions risk and to enable them to continue to do business while remaining compliant with the various sanctions regimes.
The sanctions landscape for the container trade has grown increasingly complex over the past decade. To provide the container industry with a bespoke contractual solution that addresses the practical and commercial realities of the liner trade BIMCO has developed a Sanctions Clause for Container Vessel Time Charter Parties 2020.
