WAR RISK CLAUSES Sample Clauses
A War Risk Clause is a contractual provision that addresses the allocation of risks and responsibilities related to war, hostilities, or similar events during the performance of a contract, often in shipping or insurance agreements. This clause typically outlines what constitutes a war risk, specifies the parties' obligations in the event of such risks, and may detail procedures for suspending or terminating the contract if war-related dangers arise. Its core practical function is to protect parties from unforeseen liabilities and disruptions caused by war, ensuring clarity and fair allocation of risk in volatile situations.
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WAR RISK CLAUSES. No Bills of Lading to be signed for any blockaded port and if the port of discharge be declared blockaded after Bills of Lading have been signed, or if the port to which the ship has been ordered to discharge either on signing Bills of Lading or thereafter be one to which the ship is or shall be prohibited from going by the Government of the Nation under whose flag the ship sails or by any other Government, the owners shall discharge the cargo at any other port covered by this Charter Party as ordered by the Charterers (provided such other port is not a blockaded or prohibited port as above mentioned) and shall be entitled to freight as if the ship had discharged at the port or ports of discharge to which she was originally ordered”.