A first draft of the BIMCO Force Majeure Clause will be presented for review at the BIMCO Documentary Committee meeting 25-26 January 2021. BIMCO’s new Force Majeure Clause is advancing and will provide a high threshold for invoking it in order to avoid abuse. The party seeking to rely on the...
https://www.hellenicshippingnews.com/new-bimco-force-majeure-clause-ready-for-review/