Shipping and Logistics Needs Protection from Cyber Threat After Costly Attacks
December 03, 2018 / the Handy Shipping Guide
Following the extremely costly cyber attacks on the Maersk, Clarkson and COSCO operations this year the Baltic and International Maritime Council (BIMCO) has gathered together some heavy hitting stakeholders from the legal and logistics sectors to help in drafting its first ever cyber security clause for the benefit of ship owners and other related freight and shipping interests.
Inga Froysa of chartering specialist Klaveness, Oslo is leading a team which includes Navig8 ship management, marine insurance experts the UK P&I Club and international lawyers HFW. The aim is to produce a clause able to deal with cyber security risks and incidents that might affect the ability of one of the parties to perform their contractual obligations. It will necessitate the parties having plans and procedures in place capable of protecting computer systems and data and of responding immediately to any cyber intrusions. An affected party will have to inform others immediately to enable them to...