World News@lemmy.worldEnglish · 1 month ago

Tankers urged not to pay toll to Iran for use of strait

www.bbc.com

Tankers urged not to pay toll to Iran for use of strait

www.bbc.com

Lee Duna@lemmy.nz to

World News@lemmy.worldEnglish · 1 month ago

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.

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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.

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