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Middle East Gulf risks not yet sufficient to override owner obligations, lawyers say

Attacks on shipping in the Middle East Gulf have not reached a point at which owners can unilaterally drop charterparty and bill of lading obligations on account of the risks entailed by port calls in the region, shipping lawyers warn

‘Any deviation potentially exposes owners to a claim in damages and may also invalidate their P&I cover,’ said Stephenson Harwood partner Simon Moore

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