Covid-19 Outbreak

Since the first reported case on 31st December, 2019, and its designation as a Public Health Emergency of International Concern on 30th January, 2020, the outbreak of Covid-19 has spread worldwide. The outbreak is having a significant on-going impact on shipping and trade and has posed a number of contractual issues under charterparties, shipbuilding contracts and other commercial agreements.

We have prepared a selection of commentaries, guidance and resources to assist our Members in relation to these issues.

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The recent months have seen an unprecedented surge in the use of tankers as floating storage for oil and petroleum products caused by a perfect storm of collapsing demand for such products due to the COVID-19 pandemic - leading to the rapid overwhelming of onshore storage capacity - together with falling oil prices. The use of a tanker for such storage may have a range of practical and legal implications that arise from using a ship in a manner that was not contemplated or specifically provided for by the relevant charterparty.

新冠病毒疫情加剧浮式储油风险 近几个月来,由于新冠病毒疫情导致石油及油类产品需求锐减,使用油轮作为浮式储油库储存石油及油类产品达到了前所未有的高峰——新冠病毒疫情导致在岸存储容量迅速用尽——同时伴随着油价下跌。由于使用油轮储存石油及油类产品,并非相关租约设定的或者具体规定的使用方式,这可能会带来一系列实务上和法律上的影响。

The impact of coronavirus on international arbitration and litigation: are virtual hearings a solution? The COVID-19 outbreak has rapidly developed into a pandemic, causing wide-scale disruption as countries around the world battle to prevent the further spread of the virus. In a world where all but essential travel has been restricted and social distancing is the new norm a key concern for those parties who have ongoing legal proceedings is whether or not their case will proceed.

As the COVID-19 pandemic continues to affect global trade, this briefing considers the particular issues facing parties to shipbuilding contracts. The disruption caused by COVID-19 is being felt harshly by some shipbuilders and buyers, as yards struggle to maintain their significant workforce and encounter difficulties in securing materials.

造船与新冠病毒疫情 由于新冠病毒疫情持续影响全球贸易,谨以本短文探讨造船合同双方面临的一些具体问题。 一些船舶建造商和买家正在切身体会新冠病毒疫情造成的中断问题,船厂在保证劳动力、保障物资供应方面,面临重重困难。

The rapid escalation of the COVID-19 outbreak is having a huge impact on the shipping industry. Many parties are having to review their contractual obligations in light of the developing situation.In this article, we focus in on force majeure provisions in the context of COVID-19.

新冠病毒和不可抗力 随着新冠病毒疫情的快速升级,航运业受到了巨大冲击。许多人不得不根据事态发展,重新审视他们的合同义务。本文将着重关注不可抗力条款在新冠病毒疫情背景下的适用情况。

Over the past month, a novel Coronavirus, which has become known as the Wuhan virus, has been spreading across China and further afield.  Here we consider the implications for ship operators and provide information, practical guidance and advice on contractual issues arising. Follow the link above to read more.


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