The Economic Times

Rice exporters urge govt to recognise Iran crisis shipping disruption as force majeure

Indian Rice Exporters' Federation seeks government intervention for shipping disruptions linked to the Iran crisis. They request official recognition of these events as exceptional circumstances. This aims to alleviate contractual performance issues and buyer pressures. The federation also seeks temporary working capital support for exporters. Measures are requested to waive port charges for stuck cargo and allow cargo redirection.