SHIPOWNERS are increasingly seeking breakaway clauses in contracts with Chinese businesses that would make it easier for them to walk away from deals if western governments impose sanctions on Beijing, reports London’s Financial Times. Senior lawyers at four maritime law firms, who declined to be named, said vessel owners were regularly asking for bespoke clauses that would offer clearer protection against the impact of western sanctions when negotiating deals with Chinese counterparts such as...
https://www.seanews.com.tr/shipowners-press-china-for-sanction-proof-contract-clauses/196769/