FORCE MAJEURE PART 3 – WHAT HAPPENS WHEN PIPELINES SUPPLYING TERMINALS ARE SHUTDOWN – THE CHARTERERS DUTY TO PROVIDE CARGO WHEN FORCE MAJEURE EVENTS OCCUR
The Middle East region is nervous. Unfortunately, the scale of recent attacks on shipping in the Red Sea corridor is increasing. Certain organisations are threatening further disruption to energy supplies which could involve the targeting of ‘strategic oil pipelines’. Looking back to 2013 and earlier, extensive disruption was caused by the bomb damage from attacks to a strategic pipeline that runs from Kirkuk province in northern Iraq to Ceyhan in Turkey. It is designed to carry as much as 350,000 barrels per day. Damage to the pipeline meant empty storage tanks and no cargoes for charterers to load and queues formed in and outside the port. The Asdem Advisory was asked f ...
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