Subscribe to RSS feedCharterers `add to' piracy risks
by
Obsidian
—
last modified
Jan 21, 2009 12:00 AM
Charterers are beginning to coerce shipowners into adverse contract terms that increase their exposure to piracy risks, according to the marine mutual, the London Club.
Shipowners already struggling to cope with collapsed freight markets and a scarcity of fixtures are now encountering `Gulf of Aden' clauses, the UK-based protection and indemnity club has warned.
As well as requiring hard-pressed owners to commit to sailing...
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