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cjoglobalcontributor

Case Analysis: Freight Forwarding Fees Dispute Amidst Civil Unrest

In a Shanghai Maritime Court ruling, a Chinese engineering company’s claim of force majeure due to civil unrest in Yemen was rejected, underscoring that force majeure events must directly relate to specific contractual breaches, establishing a crucial legal precedent.

Risk Management Before Contracting with Chinese Companies in Bulk Commodity Trade

The first step in risk management for bulk commodity trade is to proactively address potential risks before entering into contracts. To minimize risks, businesses must adopt proactive measures to lower, avoid, share, and control risks based on different situations.