Compliance
Force Majeure and Contractual Risk in Oil Trading
PetroIntermediation TeamCompliance & Legal
A defensible FM clause specifies:
- Triggering events (war, embargo, port closure, named acts of God)
- Notification window (≤72 hours)
- Mitigation duty
- Termination right after a stated FM duration (commonly 30 days)
Generic "any event beyond control" clauses lose in arbitration. Always negotiate explicit triggers.
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