Subscribe to RSS feedOwners must justify claim of piracy risk if route changed
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Lloyd's List
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last modified
Feb 03, 2012 10:50 AM
Shipowners wanting to avoid the Gulf of Aden will have to prove that, with reasonable judgement, there is a real likelihood the vessel will be exposed to piracy, following a final High Court ruling.
The judgment, given by Mr Justice Teare on January 25, relates to the Pacific Basin IHX v Bulkhandling Handymax AS [2011] EWHC 2862 (Comm).
The main issue concerned the interpretation of the words in the war risks clause of the Conwartime...
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