THE Alliance prepares contingency plans for another shipping line bankruptcy

//THE Alliance prepares contingency plans for another shipping line bankruptcy

THE Alliance prepares contingency plans for another shipping line bankruptcy

By | 2016-12-05T17:16:35+00:00 December 5th, 2016|feed news|Comments Off on THE Alliance prepares contingency plans for another shipping line bankruptcy

In the wake of the Hanjin bankruptcy, THE Alliance has devised a “catastrophic instrument” funding mechanism, to be used if one of its member lines were to fail.
The proposals would allow fellow alliance lines to “take other actions to facilitate the movement or cargo carried by the affected party to the intended port of discharge or other locations”.
Other clauses give the members the right to deal directly with shipowners of chartered-in ships and/or …

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