Now, State-Owned Kolkata Port Trust Seeks Refuge In Force Majeure Clause
The Hindu Business Line|April 07, 2020
Kolkata Port Trust has declared force majeure at its Haldia Dock Complex, becoming the first state-owned major port trust to invoke the clause in the wake of the COVID-19 outbreak.
P Manoj
Now, State-Owned Kolkata Port Trust Seeks Refuge In Force Majeure Clause

Most private ports and terminals operating in the country have invoked force majeure, a clause that absolves firms from meeting their contractual commitments for reasons beyond their control.

“Kolkata Port Trust (KOPT) has considered the COVID-19 pandemic as a natural calamity and invokes force majeure from 06:00 Hrs on 22 March to 06:00 Hrs on 15 April 2020,” A K Mahapatra, General Manager (Traffic), wrote in an April 5 trade circular, a copy of which has been reviewed by BusinessLine.

This story is from the April 07, 2020 edition of The Hindu Business Line.

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This story is from the April 07, 2020 edition of The Hindu Business Line.

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