Commercial Impracticability and Frustration of Shipping Agreements in Uncertain Times
Highlights Long-term and short-term vessel agreements and contracts alike are sometimes impacted by unforeseeable and economically burdensome actions taken by governmental agencies and authorities. The U.S. Trade Representative (USTR) announced a notice of action on fees for operators of Chinese-built ships and vessel owners and operators of China after it issued a proposed notice with …
Commercial Impracticability and Frustration of Shipping Agreements in Uncertain Times Read More »