BARGEHIRE 2008 and force majeure

By Simon Tatham and David High

“This article discusses the main practicalities of invoking clause 20 of the BARGEHIRE 2008 contract which is a force majeure clause. This might be because a shutdown in the field of operation means that it cannot be manned or loaded, that the cargo destined to be carried is very seriously delayed or simply that the charterers’ business is in such stress that there is no cash to pay ongoing hire.”

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Términos mencionados en esta doctrina: bargehire.