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Subject: China Council for the Promotion of International Trade issues first force majeure for pneumonia
Excerpt: English text from the archived bilingual edition · Chinese edition
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China Council for the Promotion of International Trade issues first force majeure for pneumonia
The China Council for the Promotion of International Trade (CCPIT) on the 2nd issued a nationwide first proof of force majeure for pneumonia of a new type of coronavirus infection to a manufacturing company in Huzhou, Zhejiang Province, helping enterprises minimize the responsibility for failing to perform contracts due to the epidemic situation and safeguarding the legitimate rights and interests of the enterprise
Force majeure factual proof is a factual proof act in the field of commercial proof, which refers to the application by the CCPIT and its authorized branches and branches to prove the facts related to force majeure. Relieves of non-performance, incomplete performance and delayed performance of the contract. According to international trade practices and the "Promotions of the China Council for the Promotion of International Trade", the CCPIT can issue force majeure certificates
It is understood that due to the impact of the epidemic, the company in Huzhou, Zhejiang was unable to deliver products to overseas customers on time. If the legal proof of the failure to perform the contract cannot be provided in time, the company will not only bear direct contract losses worth 2.4 million yuan, but may also be reimbursed for the loss of about 30 million yuan due to the suspension of the production line of the other party for two weeks. The impact is even more immeasurable. On February 1st, this company applied for the factual proof of force majeure on the CCPIT online certification platform and provided corresponding materials. After online submission and online review, the certificate was received on February 2nd
The China Council for the Promotion of International Trade (CCPIT) has reformed the authentication platform since January 26, and has added an online application function for proof of force majeure facts. Force majeure factual proof has been recognized by governments, customs, chambers of commerce and enterprises in more than 200 countries and regions around the world, and has a strong enforcement force outside the region
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