Tankers urged not to pay fee to Iran to use Strait of Hormuz
www.bbc.com
Tanker firms are being advised not to pay Iran any levies in return for safe passage through the Strait of Hormuz.
  • Unimperfect@lemmy.worldEnglish
    2·
    1 month ago

    There’s a common clause in most commercial B2B agreements called “Force Majeure” which protects one or more parties in case of an unforseen event. War is usually one of the points in such a clause.