As part of our series of live webinars covering various Loss Prevention issues, the UK club provided a live webinar for Members, brokers and industry contacts in the Americas region.
The Mississippi River has long been considered an enigma unto itself. As likely to move a poet’s heart as a Shipowner’s ledger, all whose lives must touch the Mississippi have conceded her titles fairly won: ‘mighty’, ‘the big muddy’, and the evocative, if unflattering, ‘old man’. As Mark Twain once aptly stated, “The Mississippi River will always have its own way; no engineering skill can persuade it to do otherwise . . .”. Unfortunately for Members and P&I Clubs alike, this still holds true - the Mississippi remains difficult to navigate, prone to high water, and thus perpetually awash with high value claims. Below are a few claims issues that our Americas offices have seen repeatedly, along with the benefit of hindsight for some lessons learned along the way.
BIMCO has produced a COVID-19 Crew Change Clause for Time Charter Parties in response to the difficulties faced by many owners whose crew have had to remain on board during the COVID-19 “lockdown” for periods often extending beyond their contracts of employment.
During the last few weeks, U.S. authorities have increased their focus on international shipping in a recent escalation of U.S. sanctions, particularly, in respect of trade to/from Venezuela and Iran. The following article published by Gina Venezia of Freehill Hogan & Mahar LLP provides insight into recent steps being taken, and new guidance issued to the industry, by U.S. authorities in furtherance of these governmental sanctions programs, heightening the importance of and the need for up-to-date sanctions compliance throughout the shipping community.
Many of us thought by now life would be back to normal. It is now June 2020 and we (TMA) are all still abiding by the sheltered in place order and are working remotely. Covid-19 has not only impacted our livelihood, it has fast-tracked us into a virtual reality world. For the past few months, we have been living in a contactless environment from homeschooling our children to teleconferencing a board meeting.
The coronavirus (COVID-19) pandemic continues to impact the industry, in different ways, around the world. The following online resources are readily available to support the shipping community as operations continue to press ahead in these uncertain times.