Venezuela declares "Force Majeur" on gasoline exports?

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According to LeMetropole Cafe, Venezuela state oil firm PDVSA has declared "Force Majeur" for an unspecified period of time on its exports of gasoline. This is from an email I received from them a few hours ago. Can anyone add to this?

-- zguy (nogas@thepump.com), January 19, 2000

Answers

Yes....check out this thread:

http://hv.greenspun.com/bboard/q-and-a-fetch-msg.tcl?msg_id=002Lq0

-- EXIT 316 (exit316@kc-primary.net), January 19, 2000.


Pretend I am truly the most ignorant person on the face of the earth and enlightment me on what exactly a "Force Majeur" would be. I take it they won't be marching the oil up here.

-- Squid (ItsDark@down.here), January 19, 2000.

Squid,

"Force Majeur"
a) "Act of God"
b) "Act of Nature"
c) "Forces beyond our control"


-- Possible Impact (posim@hotmail.com), January 19, 2000.

...and therefore all deals are off.

-- Possible Impact (posim@hotmail.com), January 19, 2000.

And we're not delivering unless you're really special.

-- >"< (nuts@nuts.nuts), January 19, 2000.


Helpful info from earlier thread:

[Fair use for eductional and research purpose only]

LICENSING

Force Majeure

Force Majeure literally means "greater force". These clauses excuse a party from liability if some unforseen event beyond the control of that party prevents it from performing its obligations under the contract. Typically, force majeure clauses cover natural disasters or other "Acts of God", war, or the failure of third parties--such as suppliers and subcontractors--to perform their obligations to the contracting party. It is important to remember that force majeure clauses are intended to excuse a party only if the failure to perform could not be avoided by the exercise of due care by that party.

When negotiating force majeure clauses, make sure that the clause applies equally to all parties to the agreement--not just the licensor. Also, it is helpful if the clause sets forth some specific examples of acts that will excuse performance under the clause, such as wars, natural disasters, and other major events that are clearly outside a party's control. Inclusion of examples will help to make clear the parties' intent that such clauses are not intended to apply to excuse failures to perform for reasons within the control of the parties.

http://search.excite.com/relocate/sr=webresult|ss=force+majeure|id=162 26757;http://www.library.yale.edu/~llicense/forcegen.shtml

-- Dee (T1Colt556@aol.com), January 19, 2000.

-- Total Doomer (sky@falling.com), January 19, 2000.


Venezuela's PDVSA declares force majeure on gasoline exports

Bridge News Caracas--Jan 18 --20:11 GMT

http://www.petroleumworld.com/

Venezuela state oil firm PDVSA declared force majeure Tuesday for an unspecified period on its exports of gasoline from the Paraguana peninsula, where the company's 2 export refineries are located. The force majeure comes after PDVSA was forced to shut a gasoline- producing unit at its Amuay refinery while a similar unit at the neighboring Cardon plant was being restarted after a 2-month shutdown. * * * The Cardon and Amuay plants process 940,000 barrels per day of crude oil. Production from the plants is exported to the US and Latin America. Venezuela's other 2 refineries are operating normally but typically serve the domestic market.

[This is from the Venzuelan National Oil Co. PDVSA website official statement]

-- RC (racambab@mailcity.com), January 19, 2000.


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