Freight Contracts Modified for Ebola

Some of the shipping industry’s biggest trade associations are modifying freight contracts to reduce commercial exposure for companies whose ships travel to countries affected by the Ebola outbreak and to protect crews from the deadly virus.

Uncertainty about the spread of Ebola is adding to legal and financial issues for those involved in shipping oil, cocoa and minerals from the region. Last month, Reuters reported that individual shipping lines and traders were starting to tweak contracts to protect themselves. INTERTANKO has now introduced an Ebola clause including stipulations to find alternative ports if there is risk to the crew.