Force majeure is a common clause in contracts that frees both parties from liability when an extraordinary event or circumstance beyond the control of the parties occurs.
In this case, the declaration means that Shell is unable to guarantee supply to its customers, and excuses the oil group from contractual agreements, explained Mr Victor Shum, managing consultant at energy consultancy Pervin and Gertz.
Mr Lee Tzu Yang, chairman of Shell Companies in Singapore, said the oil group is now investigating the cause of the fire to prevent a repeat of the same incident.
ORIGINAL SOURCE
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