Middle East Branch webinars prove to be a great success!

Posted on Thursday, May 14, 2020

The Webinar on 'Covid -19: Disruption in Commodity Trade - Whose baby is it?' conducted by the Middle East Branch of the Institute of Chartered Shipbrokers on the 18th of April was a grand success. Over 475 participants from 32 countries registered for the event.

The Covid-19 crisis and the resultant lockdown has thrown the commodity trade and in turn shipping into turmoil. Many countries have clamped complete lockdowns; many ports have declared Force Majeure. Traders, charterers and owners have started taking shelter behind Force Majeure, whether it is covered under the relevant contracts or not. The importance of this topic in the present scenario was seen by the high number of registrations and the overwhelming number of questions received in advance and during the Webinar.

Ms Franky George, Regional Claims Manager of Charterer's P and I Club who conducted the Webinar was outstanding. Ms Franky's presentation glued the audience to their screens. Her detailed explanation of the commodity trade chain and the application of Force Majeure to it was interesting. References to actual cases was an eye opener for many who are facing similar situations.

The Middle East Branch of ICS will be conducting more such Webinars in the days to come. The next one is planned for the 2nd May 2020.