Maritime Reader

MARITIMEINTELLIGENCEDAILY11 MAY 2026 MONDAY
P&I / InsuranceSkuld·over 7 years ago

Stepping in and out of shipping contracts

Skuld

Summary In a volatile market where parties are susceptible to cash flow problems, a stronger party entering into a long charterparty can for instance minimise the risk of their counter party defaulting and bringing the contract to an end for non-performance by finding a third party Nominee, willing to step in, since th