B.Importance
The application of force majeure in maritime contracts has always been of significant…
The key functions of a dully drafted FM clause could be summarized as follows:…
•Risk Allocation: FM clause specifying events (e.g., natural disasters, wars, strikes)…
•Performance Suspension: A well drafted FM clause allows for the temporary suspension…
•Termination Rights: If an event renders performance impossible for an extended period,…
In the light of the above explanations, it can be stated that incorporating a well-drafted…
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