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Friday, September 18th, 2020
Home » Tag Archives: China claims force majeure

Tag Archives: China claims force majeure

What is “Force Majeure” and why will you soon be hearing a lot more about it?

Crowd of Asian people many wearing surgical masks

PortandTerminal.com, March 27, 2020 WASHINGTON – As of today, the COVID19 pandemic has infected almost 600,000 people globally and put countries in lockdown around the world. With the disruption to supply chains, international travel, and business operations, many individuals and businesses may be unable to fulfil their existing contractual obligations. Many are now starting to invoke “Force Majeure” clauses in their …

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China LNG Force Majeure Rejected as Virus Chaos Sparks Dispute

LNG ship in port with container cranes in background

Bloomberg, February 7, 2020 By Stephen Stapczynski — Two of Europe’s biggest energy companies rejected a Chinese force majeure on liquefied natural gas contracts in the latest twist to a drama that’s gripping global commodities markets. Royal Dutch Shell Plc and Total SA didn’t accept the legal grounds for the move by China National Offshore Oil Corp. that would have freed …

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