Logistics

Krishnapatnam Port declares force majeure

Our Bureau MUMBAI | Updated on March 29, 2020 Published on March 29, 2020

Krishnapatnam port   -  THE HINDU

Krishnapatnam Port Company Ltd has notified force majeure at the port located in Andhra Pradesh’s Nellore district, joining other private ports in declaring the event as the Coronavirus crisis roils India’s export-import trade.

“In view of COVID-19 pandemic, Port hereby notifies the "Force Majeure Event", wherein port will not be responsible for any claims, damages, charges, etc. whatsoever arising out of and /or connected to the above Force Majeure event, either directly or indirectly, which without any limitation would include vessel demurrages, inter alia due to pre-berthing or any other delays of whatsoever nature and accordingly the discharge rate guaranteed under the agreement shall also not be applicable for all vessels to be handled at the port for any delay or disturbance in the port services during the Force Majeure period,” Krishnapatnam Port Company Ltd said in a notice to port users and customers.

Krishnapatnam Port is 75 per cent owned by Adani Ports and Special Economic Zone Ltd (APSEZ), India’s biggest private port operating company.

The state government and the district administration has taken drastic measures to lockdown the area which has resulted in unprecedented constraints in movement of man and material to and from port. These may result in the port not being able to perform its obligations under the contract with you, it said.

“Since the impact is ongoing, the port shall notify of the "Cessation of Force Majeure" based on further notifications / directives from the Central Government and State Government as the case may be,” it added.

Port Services are categorized as essential services and therefore, in the interest to protect and secure the supply chain of industries, it was endeavouring to continue port operations with the support of government authorities, the company added.

Published on March 29, 2020

A letter from the Editor


Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.