Ship Operators Can’t Get of the Hook As Force Majeure Not Part of Loan Documentation!

City of London at night

Some owners have asked whether they can use force majeure to stop paying their banks. And the quick and easy answer to that one is ‘no’, writes David Osler, the Finance Editor of Lloyd’s List from London.

SHIPPING COMPANIES THAT OPERATE DIRECTLY OUT OF THE UK IN LOCATIONS SUCH AS THE CITY OF LONDON (PICTURED) HAVE A STRONG CASE TO ARGUE THEY DESERVE UK GOVERNMENT SUPPORT IN FIGHTING THE CORONAVIRUS.What is it?

CHARTERPARTY disputes arising from coronavirus are unlikely to have a direct impact on...

http://mfame.guru/ship-operators-cant-get-of-the-hook-as-force-majeure-not-part-of-loan-documentation/

Leave a Comment

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon