Commodities in Focus Weekly - Supreme Court clarifies limits of force majeure: No obligation to accept non-contractual performance
In RTI Ltd v MUR Shipping BV,1 the Supreme Court has held unanimously that a force majeure clause requiring an affected party to use "reasonable endeavours" to overcome a force majeure event did not oblige that party to accept an offer of non-contractual performance.
This article focuses primarily on the Supreme Court's decision and its practical implications for parties agreeing or seeking to comply with force majeure clauses in commercial contracts. A detailed overview of the procedural history of the proceedings can be found here.
Click here to read more.
1 [2024] UKSC 18
分享文章
相关专业知识
相关文章
Mind the gap: Strait of Hormuz disruption - risk allocation for traders and charterers
Trade & Commodities
A time to suit: lessons from The Taikoo Brilliance on carrier’s liabilities and deck cargo
Maritime, Trade & Offshore
Section 68 of the Arbitration Act 1996: when the high bar can be cleared
Trade & Commodities
Well Heeled - April 2026
Maritime & Offshore