The Times Kuwait
The Kuwait Petroleum Corporation has declared force majeure on shipments of oil and refined products due to the closure of the Strait of Hormuz. Bloomberg News reported that the Kuwait Petroleum Corporation (KPC) has notified its customers that it would activate the contractual clause that allows the supplier to disregard delivery dates, clarifying that Kuwait’s … The post KPC reorganizes legality of its contracts under ‘force majeure’ clause appeared first on Times Kuwait .
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