The Chokepoint and the Variation Claim: Supply Shocks and the EPC Risk Shift in the Anglo-Indian Corridor
A cost shock at a maritime chokepoint does not stay in the procurement ledger. It travels down the contract, and on a long-gestation infrastructure project it arrives as a claim. The current disruption in the West Asian sea lanes is the live illustration. Voyage war-risk premiums for Gulf transits have risen sharply, polymer and carbon-input […]