This webinar brought together industry experts who gave an overview of the oil market and discuss methods, risks, and challenges associated with stacking or laying up rigs and their reactivation during such turbulent economic times.
The Hanjin Shipping bankruptcy has caused turmoil in global sea freight with uncertainty about the whereabouts and distribution of cargo. In this webinar, Mike Roderick, Partner at Clyde and Co., discussed positions to date, practical issues for insureds, and potential policy coverage.
In the 3rd session about General Average, Ben Browne, a partner at Thomas Cooper LLP, covered the background and context of the YAR 2016; the main areas of change made by the YAR 2016 (such as salvage, contributory values, temporary repairs to the ship, treatment of low value cargo, interest and commission etc.); and the introduction of the YAR Guidelines.