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The latest edition of this clause is the Piracy Clause for Consecutive Voyage Charter Parties and COAs 2013.
The outlook is poor for dry bulk, as the negative demand shock and overcapacity come together to send rates to multi-year lows, even a return to work in China is not enough to support the market.
The balancing act continues, as demand moves forward at snail’s pace while a new record-sized containership is deployed in the Asia-Europe trading lane
BIMCO has collected statements from a number of flag states, port states and recognised organisations/classification societies (RO) and produced a regulatory analysis concerning COVID-19 and its possible implications on statutory ship certificates, surveys, inspections or audits under relevant International Maritime Organization (IMO) and International Labour Organization (ILO) instruments.
