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WEBINAR: COVID-19 in shipping - Market and Legal Impacts

Seatrade Cruise
Seatrade Cruise
✨Casual
πŸ‘οΈ 3K viewsπŸ“… 6 years ago⏱️ 1:00:10
What This Creator Said
Creator Had Mixed FeelingsTips & Advice✨Casual Creator

Source: Our analysis of the creator's lived experience, based on what they said in this video.

Creator's Key Takeaways

the shipping industry continues to operate and keep crucial supply chains flowing across the globe

force majeure clause is a means by which the parties to a contract allocate the risk of unforeseen events

the tanker markets absolutely appeared to be one of the few beneficiaries of the outbreak

the chances of a sharp correction of freight rates are now higher than they were

Creator's Tips & Advice

βœ“Engage with authorities early for crew changes and statutory surveys
βœ“Carefully evaluate force majeure clauses based on precise wording
βœ“Monitor port regulations and requirements that change daily

Questions This Creator Answers

QHow does the current market outlook compare to the global financial crisis?
QHave force majeure clauses been successfully implemented for COVID-19?
QAre there scenarios where container ship freight rates would drop considerably?
QCould ships become unable to sail due to crew changes or survey requirements?

Topics Covered

Safety Medical2Β½ Sad Bacon
How to read the Trip Bacon Score
Happy Bacon β€” creators loved this aspect
Sad Bacon β€” creators took issue with this
Meh β€” no strong opinion either way

Scale: 0–5 strips in half-step increments. 0 = β€œmeh”, 5 = β€œbacon bliss”. Aggregated from creator-review sentiment, weighted by channel expertise.

About our Bacon Score methodology
YouTube Video Description↓

In this webinar, Seatrade Maritime News, in association with Maritime Strategies International and Holman Fenwick Willian (HFW) focus on key shipping segments; container ships, dry bulk and oil tankers. Whilst HFW examine the legal implications of COVID-19 in shipping, as well as declaring Force Majeure, β€˜Frustration’ Clauses and Ports, Deviation and Quarantine of Ships followed by operational and regulatory compliance.