Tag: force majeure
Stolt: CII Regulations Challenge Chemical Tankers
In recent years, governments around the world have introduced a wave of policies to tackle climate change.
Without regulations, little or no progress...
Libya’s NOC Lifts Force Majeure At Key Terminal To Avert Eco-disaster
Zueitina exports were shuttered in mid-April by protesters
NOC said continued closure would create environmental crisis
Production at several Libyan oil fields also...
Force Majeure Declared To COVID-hit Container Vessel
The Italian-flagged containership Ital Libera is sailing back to Italy to repatriate the body of its deceased captain who apparently passed away from COVID-19...
BIMCO To Develop a Free-standing Force Majeure Clause
Focus on "force majeure" is on the rise due to the COVID-19 outbreak.
“Force majeure” under any contract depends on many factors.
Force...
Spot Gas Prices Recoil As Hurricane Laura Misses Path
Spot natural gas prices in the Houston metropolitan area saw a double-digit rebound as Hurricane Laura bypassed the area.
Data showed gas demand...
[FAQ] How To Pull Ahead Global Trade Amid Coronavirus Crisis!
Companies are facing many difficult questions about business continuity and their workforce in this fast-developing emergency of COVID-19 pandemic.
Many parties to English...
Ship Operators Can’t Get of the Hook As Force Majeure Not...
Some owners have asked whether they can use force majeure to stop paying their banks. And the quick and easy answer to that one...
Major Ports Declare “Force Majeure” Amid Coronavirus Crisis
Indian Ports declare Force Majeure due to the COVID-19 outbreak.
Indian LNG importers Petronet LNG, Gujarat State Petroleum, and GAIL have also issued...
World’s Biggest Coronavirus Lockdown Makes Ship Operations Go Awry!
According to a Platts report, India's three-week nationwide lockdown to contain the deadly coronavirus pandemic will delay both imports and exports of commodities such...
Chinese Firm Offers Force Majeure on Gas Imports! Threat To US...
US LNG might face minimal threat from PetroChina force majeure on gas imports.
Declaration to put further pressure on an already depressed market...