The revised BIMCO Infectious or Contagious Disease Clause for Time Charter Parties 2022 is now ready for use. The revision was prompted by the COVID-19 pandemic. However, the clause is not intended to be a “COVID-19 clause” – it is designed with future epidemics and pandemics in mind. The BIMCO IOCD Clause 2022 is appropriate …
The post BIMCO’s new IOCD Clause focuses on keeping the trade going and avoiding further supply chain issues first appeared on Hellenic Shipping News Worldwide.