
Adam Richardson
Adam Richardson is a Partner heading HFW's Singapore office, specialising in international trade, trade finance, commodity contracts and international arbitration.
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Aug 24, 2026
Hormuz, Black Sea, and COVID disruption: Commodity contracts and force majeure in transition
4:35
4:41
4:53
5:16
4:24
And how have those operational and legal teams responded to the new uncertain and challenging environment? What are some, like, key contractual issues that they've had to work through?

Adam RichardsonGUEST
So I think the big one that has come out, and, and the obvious one really, is force majeure.

Adam RichardsonGUEST
I mean, those are the clauses which deal with these sorts of, um, extraneous events that are no fault based.

Adam RichardsonGUEST
They are to deal with situations which arise that the parties have not necessarily legislated for, and the idea generally behind them is that they will excuse parties from performing where you have these extraneous events, and that is the big topic that's come up from a legal perspective over the last few months.

Adam RichardsonGUEST
If a party has failed to present a vessel in time or if a party has failed to load a cargo on time, whether that gives rise to a right to terminate and to damages.
6:54
And I guess you can't really speak to which specific responses work better than others, but in general, is there a kind of attitude towards navigating this contractual difficulty that you might recommend that you've found easier to work with than a different attitude?
