MEDIA-China council issues 1,615 force majeure certificates to firms amid virus disruptions

by Reuters
Monday, 17 February 2020 06:58 GMT

-- Source link: (https://bit.ly/2P0X0DN)

-- China Council for the Promotion of International Trade says it has issued 1,615 force majeure certificates to protect companies from legal damages stemming from the coronavirus outbreak, covering a total contract value of 109.9 billion yuan ($15.75 billion), Xinhua reported on Monday.

-- Some companies have presented the certificate to clients and agreed to fulfill orders at a later date without facing legal liabilities, the council told Xinhua.

-- Note: Reuters has not verified this story and does not vouch for its accuracy ($1 = 6.9795 Chinese yuan renminbi) (Reporting by Beijing newsroom; Editing by Kim Coghill)

Our Standards: The Thomson Reuters Trust Principles.