Update on the master contract negotiations between the International Longshoremen's Association ("ILA") and the United States Maritime Alliance ("USMX")
Please note that ocean carriers (VOCCs) have declared Force Majeure for all vessels in transit to US East Coast and Gulf Coast ports. This does allow the ocean carriers to charge any additional operational costs associated with vessels delayed due to the strike to cargo on the water as of 1 October 2024 with a US East Coast or Gulf Coast port of discharge.
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