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Baltimore port bridge collapse: Global ocean carriers put U.S. companies on hook for urgent cargo pickup
Ocean carriers are declaring “force majeure” due to the Baltimore port bridge crisis, telling logistics companies and U.S. shippers including retailers that once cargo is dropped off at alternate ports, it becomes their responsibility to pick up. In an alert to customers Tuesday, CMA CGM wrote, “Those (containers) on the water will be discharged at an alternate port where they will be made available for pick-up, and CMA CGM’s bill of lading will terminate.” It was the first ocean carrier to declare force majeure — the provision in a contract that frees parties from an obligation due to events beyond their ... (full story)
