Coronavirus and Its Effects on International Trade and Insurance

OOCL Busan

The deadly novel coronavirus outbreak (2019-CoV) has resulted in passenger and cargo ships being quarantined around the world, partial and complete travel bans to parts of China and shipping and airlines being unable or unwilling to deliver cargo to the contractual destination.

Malcolm Hartwell, head of Transport at Norton Rose Fulbright says that, “Non-delivery of cargo will affect traders, banks, shipping and airlines, freight forwarders and everybody else involved in the logistics chain.  ...

http://www.sashippingnews.com/2020/02/13/coronavirus-and-its-effects-on-international-trade-and-insurance/

Supreme Court of Appeal Protects Shipowners Property Rights

In February 2019, the Supreme Court of Appeal held that a claimant is not entitled to arrest a ship sold to a third party, even if the claimant issued a summons before the sale took place.  The judgment has resolved a 30 year debate in South African maritime legal circles.  It brings considerable relief to ship purchasers who find it difficult to determine, when purchasing a ship, whether proceedings have been commenced against the ship in any of the 100 or so maritime jurisdictions around the...

http://www.sashippingnews.com/2019/02/11/supreme-court-of-appeal-protects-shipowners-property-rights/

The Bigger The Ship, The Bigger The Risk

Tanktainers

Dangerous cargo has always been a hazard to it’s owner and it’s insurer, and in a recent decision out of a New York Court holding a chemical company and tank container operator strictly liable for the cost of repairs to a large container ship and the loss of most of its cargo highlights the significant increase in liabilities caused by the introduction of huge container ships.

This exposure affects everybody involved in the international transport of cargo that can cause harm to other cargo or...

http://www.sashippingnews.com/2018/10/16/the-bigger-the-ship-the-bigger-the-risk/