Business news
About inadmissibility of abuse of force-majeure notices
Due to an increasing number of force-majeure notices from our suppliers, R&P POLYPLASTIC reminds its partners, that:
- Force-majeure includes only emergency situations beyond somebody’s control appearing during fulfillment of contractual obligations. Such circumstances could not have been reasonably foreseen at the signing of the contract.
- Force-majeure must be formally confirmed by a certificate issued by the country’s Chamber of Commerce or any other duly authorized authority. Only in this case force-majeure circumstances are deemed to be proved.
- With this notice R&P POLYPLASTIC informs its suppliers of the requirement to attach official confirmations to letters of force-majeure. In other cases, we will not recognize such letters as notifications of force-majeure. Supply restraints will be considered as breach of contractual obligations.
- R&P POLYPLASTIC is aware of the current situation with supplies of polymeric raw materials. But all the same, we urge our partners not to abuse declaration of force-majeure as logistical challenges, crisis financial and economical situation and fall of production levels does not constitute circumstances of force-majeure, which is expressly stated in the contracts. In the event such abuse is discovered R&P POLYPLASTIC reserves the right to implement any available judicial and media tools to bring such situations to the notice of official authorities and general public.
- Being the leader of Russian polymer industry and the supplier of a number of large Russian and international manufacturers of automobiles, household appliances, construction materials and cables R&P POLYPLASTIC despite unbiased difficulties does not disengage itself from any contractual obligations and does not declare force-majeure. We call upon all participants of the supply chain to make every effort to fulfill their contractual obligations to business partners.