Force Majeure, Zero Recourse: The Bill of Lading Clause Every Carrier Has – and Every Shipper Ignored
The term "force majeure" has been frequently appearing in carrier customer advisories since the Strait of Hormuz crisis began late last week. CMA CGM, for example, has stated that its vessel diversions fall under "applicable force majeure provisions." Breakbulk News has reported that major shipping lines like Maersk and MSC are also citing force majeure, emphasizing the necessity of protecting crew and cargo safety. This legal language is intended to indicate an extraordinary situation where...