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Force Majeure
(redirected from Force majeure risk)

    Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia 0.01 sec.

[French, A superior or irresistible power.] An event that is a result of the elements of nature, as opposed to one caused by human behavior.

The term force majeure relates to the law of insurance and is frequently used in construction contracts to protect the parties in the event that a segment of the contract cannot be performed due to causes that are outside the control of the parties, such as natural disasters, that could not be evaded through the exercise of due care.
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Projects face political and force majeure risks throughout.
The name of the game is risk by Moors de Giorgio, Emmanuelle / African Business
Among them are: * interest rate risk, which is the risk that interest rates may vary over the life of the project; * exchange rate risk, which occurs if debt is payable in currencies other than the one in which revenues are generated; and * force majeure risk, which is the risk that the project will fail to generate revenues required to repay loans due to earthquakes, war, flood, fire, or "acts of God.
Infrastructure financing in Hong Kong: project finance leads the way by Tigue, Patricia / Government Finance Review
The project's contracts closely match expenses against revenues and require Ecopetrol to assume a large portion of the uncontrollable risks, such as currency-exchange-rate risk and force majeure risks.
S&P Affirms Centragas 'BB' FC Rtg; Off Watch by Business Wire
 
 
 
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