On February 7, CCPIT Sichuan Council issued the first batch of 4 force majeure certificates for enterprises for free.

Due to the impact of the epidemic, a construction project in the Russian Far East, undertaken by a machinery industry construction company, was unable to send personnel to the project. At the same time, all construction workers' visas were about to expire and the project was about to encounter default risks, involving a contract amount of more than 70 million Yuan. The company hoped to issue a force majeure certificate to avoid risks.

An electric power design institute was recently affected by the epidemic, and the goods could not be successfully delivered to Vietnam. Some on-site construction periods were delayed. On the other hand, the factory was unable to deliver on time due to the epidemic. The contract amount reached hundreds of millions of dollars. Therefore, they hoped to apply for force majeure. Certificate and applied to the owner for extension.

An animal drug company has a letter of credit to be submitted in the near future. Due to the the epidemic, customs clearance documents cannot be sent. If the bill exceeds the validity of the letter of credit, the bank will charge a penalty, involving a contract amount of more than 70,000 US dollars.

Thus, force majeure certificate can set the company free from related fines. The CCPIT's force majeure certificate provides a basis for the company to waive or partially waive the liability for breaching contract and effectively reducing risks.

During this period, CCPIT Sichuan Council, under the unified leadership of the Party Central Committee with President Xi Jinping, the deployment of the Sichuan Provincial Government, and under the guidance of CCPIT, will, as always, issue force majeure certificates and provide efficient certification and foreign-related commercial legal services for companies as quickly as possible so as to minimize risks and ensure the stability of foreign trade and economic cooperation.