Shell Declared Force Majeure


ahboy168

New Member
Mar 30, 2009
980
0
0
East
#2
Will it affect petrol price ? I go supper now and pump full tank ...
 

ed9119

Moderator
Staff member
Mar 11, 2002
11,012
35
48
56
Singapore
www.walkeast.com
#3
Act of God ? i dont think God started that fire on Bukom

They're trying to back off their OTC deals without getting sued for delivery default
 

Last edited:

Rashkae

Senior Member
Nov 28, 2005
19,105
12
0
#4
Let's see now... War? Nope. Earthquake? Nope. Typhoon? Nope. Volcanic eruption? Nope. A human goof-up? Most likely!

So where is "force majeure" there? :p
 

ricohflex

Senior Member
Feb 24, 2005
3,353
8
38
sing
#5
No use. They are not the Courts of Law.
If their business partners sue them, the Court that will decide whether it is an Act of God.
Due to the high amount of money involved, most likely both will engage Senior Counsel and the legal fight will go to High Court.
If the Fire Service or SCDF official report is that the fire was due to specific reason (and not an Act of God), then wait and see.
The business partners may not sue because they want to preserve long term business relationship.
If they don't sue, Shell will be appreciative and future dealings will be especially cordial.
 

greenieadi

New Member
Mar 12, 2006
911
1
0
Jurong West
#6
Act of god or not, their bottom line will definitely be whacked. Force Majuere because they cannot supply as promise due to technical inavailability from the fire.

Force Majeure for customers (not business partners like you mention) means they can just get from other source (ExxonMobil/SRC) but Shell reputation as a reliable supplier will be affected.

No need to sue here and there. It's business as usual. Maybe once operations is up, Shell give them discount!!!! Definitely it won't trickle down to enduser.

It's a business chain, from the other perspective when the economy was down a few years ago, demand for oil derivatives was so low some customer had to cancel shipment and no one was sued. They just had to sell these supply somewhere else at a cheaper value and ramp down operations.

I see no issue actually about this declaration of force majuere.
 

Last edited:
Top Bottom