As the upcoming Winter Olympics in Pyeongchang provide more talking points on the South/North Korea divide and continues to fuel the sparring match with the US, Zoe Jackson evaluates the ever changing tensions in Korea and considers the definition of “war" in a legal sense and how a war in Korea may affect the shipping industry, with particular reference to charterparties, MOAs and shipbuilding contracts.
What if war involving North Korea actually happens? Cancellation clauses in charterparties, MOAs and shipbuilding contracts