July, 2019 - Charterparty implications of the recent attacks in the Gulf
- Date: 03/07/2019
Dire Straits? Charterparty implications of the recent attacks in the Gulf.
The recent spate of attacks on tankers in the Straits of Hormuz has brought into stark relief the risks faced by shipowners when trading to areas of political unrest. When faced with instructions to sail their ship to or through the area, many owners have understandably questioned whether they have a right to reject their charterer’s orders. In this article, we look at some of the guiding principles owners need to be aware of when considering their position.