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