Suspension and Extension applications Two areas of flexibility are on offer. Where titleholder work programs have been adversely impacted by the COVID-19pandemic, the Joint Authority regards the COVID-19pandemic as a force majeure event in relation to sections2.13 and 2.15 of the Guideline. Commercial circumstances as described in 2.15 of the Guideline can be used as force majeure. Section 2.14 of the Guideline ordinarily requires an application to include “substantial and compelling documentary evidence to demonstrate how the force majeure circumstance has adversely impacted the ability to complete the work program….”For COVID-19 pandemic related suspension and extension applications, documentary evidence requirements will be simplified. Demonstration of resource constraints (financial and/or physical) and/or changes to contractual arrangements with third parties (i.e. the inability to secure a staffed vessel) will be sufficient. Please use the usual application form.
BPH Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
