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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