Russia Ukraine War Crisis Impact On Maritime Carriage

This winter, the focus of the world trade started to be shifting from the corona virus to a war threat in Black Sea region. Therefore, according to international authorities, in the light of the actual developments, a war between Russia and Ukraine is an imminent threat in Black Sea region.

That is why, with this bulletin, we would like to warn the interested maritime carriage parties on the possible precautions to be taken for preventing the negative impacts of the possible war. Accordingly, such precautions would be examined under three main paragraph starting with the situation of the Straits; followed by the important issues to be taken into consideration in the contracts of international sale and carriage and ended by the important point to pay attention in the contract of insurances (especially those of the goods)