CEVA announced that it has been forced to declare ‘Force Majeure’ to temporarily relieve it of its normal contractual obligations where these are rendered impossible or impracticable by the epidemic.
The company added that the COVID-19 virus spread, and the response measures taken by governments are entirely outside its control and therefore they fall within the definition of ‘Force Majeure’, as recognised by business and law. This means that the company is temporarily relieved of its normal contractual obligations where these are rendered impossible or impracticable by the epidemic and its effects. Furthermore, the epidemic creates potential health risks to CEVA’s employees, suppliers and stakeholders, and is creating obstacles to the company’s activities in all affected countries.
In line with this, CEVA declared that it reserves the right to modify all or part of its services, to change its working procedures and any previously agreed rates and prices, to levy surcharges, and to take any measures necessary to adjust its operations and obligations to third parties in response to the present circumstances. This announcement applies to all CEVA Services, including its Air Freight, Ocean Freight, Ground Freight, Rail, Customs brokerage and Contract Logistics services.
The company added that it is continuously monitoring the situation and will provide further updates as and when available.
Source: CEVA Logistics
