We’re operating in uncharted waters. The current and potential effects of the COVID-19 outbreak are difficult to assess and predict, but the way companies plan for uncertainty and respond to events is often watched by the financial markets. As COVID-19 will impact many areas of accounting and reporting for all industries, conversations with clients and industry leaders have helped us summarize the top 5 financial reporting considerations for the shipping industry. It is important to note though, that while these issues have been grouped under 5 headings, they will in many cases be interrelated.
- Intertug completes merger
Intertug in Columbia has completed a merger of its operations in the country following approval from the authorities. In May of this year, International Tug S.A.S. (Intertug) requested from Colombia’s […]
- BIMCO to publish standard refund guarantee to eliminate legal uncertainty
“The aim of the BIMCO refund guarantee is to provide an instrument which removes uncertainties as to what is guaranteed and when the guarantee can be called on, as far […]