Japanese refiners have received an exemption clause from Iran in case oil deliveries are disrupted due to international sanctions, Reuters reported Tuesday, citing industry sources.
Japanese refiners have received an exemption clause from
Iran
in
case oil deliveries are disrupted due to international sanctions, Reuters reported
Tuesday, citing industry sources.
The force majeure clause would exempt
Japan
's
refiners from liability if they were unable to import crude due to the
increasingly stringent sanctions, the report said.
"The clause does not list details, but the buyers can invoke the clause if
they are unable to lift Iranian crude due to sanctions," one source said
on condition of anonymity.
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