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Results for:War%20risks
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BIMCO approves revised SYNACOMEX grain charter
19 October 2023BIMCO’s Documentary Committee has approved a revised version of the Continent Grain Charter Party, SYNACOMEX, to reflect changes in the geopolitical landscape following events including the COVID-19 pandemic and the war in Ukraine. The revised charter party now includes BIMCO’s anti-corruption clause and updated versions of the war risks and sanctions clauses.
6 Oct 2021 - US trade balance with China improving on higher exports
06 October 2021The trade war continues to rage in the shade of the headline-grabbing supply chain disruptions. The tariffs are still in place and are unlikely to go anywhere despite the change of administration in the United States.
US trade balance with China improving on higher exports
06 October 2021The trade war continues to rage in the shade of the headline-grabbing supply chain disruptions. The tariffs are still in place and are unlikely to go anywhere despite the change of administration in the United States.
04 Apr Russia added to the JWC Listed Areas – contractual implications
04 April 2022This short note deals with some of the key issues that may affect the obligations and rights of charterers and owners resulting from Russia being added to the JWC Listed Areas, with a focus on BIMCO clauses. In all circumstances, parties should carefully review their contractual terms for current and future fixtures and, if in any doubt, seek legal advice before acting.
Tension in the Gulf: The contractual implications
05 August 2019The recent seizures of an Iraqi oil tanker and a UK flagged ship by Iranian authorities have further increased tensions in the Gulf following earlier attacks on tankers in Fujairah and the Gulf of Oman. But what are the contractual implications for ships operating in the area?
As oil prices plummet, crude oil tanker time charter rates skyrocket
02 April 2020Geopolitics is the dominating variable in the tanker market these days. With the OPEC+ negotiations falling apart and Saudi Arabia initiating an oil price war, the crude oil tanker spot freight rates, and time charter (TC) rates have soared.
US Soya Bean exports to China are down by 97%
01 November 2018The trade war and particularly the Chinese tariffs on imports of US soya beans can now clearly be seen with the start of the soya bean exporting period in the US.
