The givens & the non-givens of the “Ever Given”
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Tapahtuman aika
On vessel, crew, owner, operator, charterer, cargo shipper, canal authority or caught in “traffic jam;” what will be the legal matters at stake when a ship is grounded in a canal that is responsible for:
- about 12% of global trade
- transporting around 1 million barrels of oil
- & roughly 8% of liquefied natural gas
- has revenues of $14m-$15m p/d of blockage
- contributes to 2% of Egypt's GDP
Givens:
“Ever Given” grounded - blocked Suez Canal for 6 days & is now arrested for $916 000 000
Non-Given/s :
- Is there a legal basis for a reputational damage of $300m?
- Why is the amount this high if it does not include salvage services?
- Who pays what when it comes to the 400 vessels trapped in the traffic jam? Charterparty delays, perishable cargo etc.
- What is the insurers & re-insurers role in covering expenses?
- Can 25 crew members be held captive in this respect?
Join us as we try to assemble the puzzle!
