BIMCO: COVID-19 And Its Consequences On Shipbuilding Contracts

IMHA-coronavirus-China

The spread of the COVID-19 virus is causing significant issues in the shipbuilding industry, but English law has no general concept of force majeure, and this is a key factor in the relationship between shipyards and shipowners.

Shipyards are facing disruption to newbuilding, repair and conversion projects due to the impact of the virus on their labour force and the ability of their subcontractors to meet their commitments to supply materials and equipment necessary for the completion of such...

https://www.marineinsight.com/shipping-news/bimco-covid-19-and-its-consequences-on-shipbuilding-contracts/

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