Force majeure — Maritime Term

A contractual clause excusing non-performance caused by extraordinary events outside either party's control.

Related maritime terms

FEUAbbr— Forty-foot Equivalent Unit — a capacity measure based on one standard 40 ft container. FIOAbbr— Free In and Out — freight condition under which the charterer pays all loading and dischar… Flag State— The country in which a vessel is registered and whose laws govern its operation. FOBAbbr— Free on Board — an Incoterms term in which the seller's obligation ends once goods pass ov… FPSOAbbr— Floating Production, Storage and Offloading vessel — an offshore facility that produces, s… Freeboard— The vertical distance from the waterline to the upper deck edge at the vessel's side amids… Freighter— A general term for a commercial cargo-carrying vessel. GAAbbr— General Average — a maritime law principle under which all parties in a common venture sha…

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