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FORCE MAJEURE NOTICE
Oil falls as supply starts moving through Strait of HormuzOil prices dipped Friday as tankers resumed passage through the Strait of Hormuz following a U.S.-Iran peace deal. The agreement is expecte...- Tenant or landlord: Who is responsible for repairs in a rented home? Here's what the law sayWho pays for repairs in a rented home? A leaking tap, damaged wall or broken fitting can quickly turn into a dispute between tenants and la...
- QatarEnergy extends force majeure to mid-August, Italian Edison looks to US for replacementsQatarEnergy has prolonged its force majeure on LNG shipments to Italian utility Edison. This impacts supply and Edison's financial performa...
- Asian refineries, petrochemical firms cut runs as Iran war disrupts suppliesGlobal energy markets face disruption. Asian refineries and petrochemical firms are cutting operations. This follows a U.S.-Israeli conflic...
- Hindalco halts production of extruded aluminium products due to Iran war, notice saysHindalco Industries has stopped producing extruded aluminium. This value-added product is crucial for construction, electric vehicles, and ...
- What does force majeure mean? Why Bahrain’s Bapco declared it amid rising crude oil prices and can it disrupt the global oil supply?Bahrain's state oil company, now under Bapco Energies, has declared force majeure for its shipments after an Iranian attack set its refiner...
- Petronet LNG invokes force majeure as West Asia crisis disrupts Qatar shipmentsIn a significant move, Petronet LNG, India’s foremost LNG importer, has invoked force majeure, affecting its shipments from QatarEnergy and...
- Gujarat Gas shares crash 7% after force majeure notice as US-Iran war enters day sixGujarat Gas share price: Gujarat Gas shares plunged 7% after it issued force majeure notices to industrial customers as the US-Iran war dis...
- Qatar shuts LNG output; supplies to India hit, city gas sector flags crisisQatar has halted liquefied natural gas (LNG) production after its facilities came under attack amid the ongoing West Asia conflict, disrupt...
- Qatar halts LNG output after attacks; disruptions to hit Indian supplies, city gas firms flag concernsQatar has stopped liquefied natural gas production following attacks. This halts supplies to India, affecting industrial consumers and city...
- Petronet LNG shares crash 8% after issuing force majeure notices amid Middle East hostilitiesPetronet LNG crashed 8% after it issued a force majeure notice to QatarEnergy due to supply disruptions from Middle East hostilities, preve...
- Petitions pile up as GST notices come after 3 years of returns filingMany businesses, who were served with goods and services tax (GST) notices in December 2023 and January of this year following the extensio...
- India Covid crisis hits work at its biggest ports as risk to trade growsIndia has 21.9 million tons of cargoes scheduled to arrive this month but with labor shortages and force majeure at some ports, many of the...
- What is force majeure? The legal term everyone should know during Covid-19 crisisThe term that has assumed relevance in contractual context today for businesses is “force majeure”.
- State discoms end Force Majeure period, restart power purchasesHowever, private power companies have started exploring legal options to contest non-payment of fixed charges by states for about 60 days o...
- Companies prefer pre-litigation mediation to force majeureCompanies in the manufacturing, services and real estate sectors, in particular, are looking at mediation to end disputes with suppliers, v...
- Withdraw capacity charges on power utility, says Capt Amarinder SinghCiting the nationwide lockdown in place since March 24, 2020, Captain Amarinder said,” Due to imposition of restrictions on the operations ...
- Shuttered buyers send force majeure notices to energy companiesAs nationwide demand plummets, oil and gas players flooded with such notices.
- How coronavirus may cause legal wranglesUnlike few nations where the term is coded in civil laws, the Indian Contract Act is silent on 'force majeure'.
- A force majeure clause is quite critical in commodity contractsThe event and the causal connection must be outside the control of the parties and should typically be seen as ‘unforeseeable’ and ‘impossi...
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