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Asia Pacific Law Dry Bulk

More contracts factoring in bunker adjustments

Volatility in bunker prices — exacerbated by an imminent enforced switch to costlier low sulphur fuel — could force more bankruptcies and companies are looking at ways of inserting new clauses even into spot or voyage contracts to deal with this backdrop

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There is an increasing demand for so-called bunker adjustment factor clauses in contracts now, says law firm Rajah & Tann

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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