The global shipping industry is inherently exposed to volatile environments, making marine insurance the primary safeguard for international commerce. Beyond being a simple contract of indemnity, marine insurance serves as a sophisticated legal instrument that facilitates global trade by distributing immense maritime risks among various stakeholders. In the intersection of maritime law and insurance practice, […]
Introduction Electricity purchase and sale agreements (EPSAs), including long-term Power Purchase Agreements (PPAs), are crucial for ensuring stable energy supply between producers and consumers. These contracts often involve substantial financial commitments, regulatory obligations, and performance guarantees. One of the most significant aspects of these agreements is the force majeure clause, which determines how parties are […]