FORCE MAJEURE
Force majeure, a term originating in French, means “greater force”. Related to the act of God term, it implies an unforeseeable, external force beyond one’s control, like a hurricane or earthquake. Adopted into the legal terminology, the force majeure clause in contracts enables parties to suspend or vary the terms of performance, and removes their […]
INSURANCE, REGULATORY CHANGES FOR FREIGHT BROKERS AND FORWARDERS
What to Watch: Insurance, Regulatory Changes for Freight Brokers and Forwarders By Glenn Patton, Managing Director, Roanoke Insurance Group Canada, Inc. The following are several important issues regarding the insurance industry and regulatory changes that impact freight brokers and forwarders. With so many Canadian freight brokers and forwarders conducting cross-border business, U.S. regulatory changes affect […]
