Strike Clause

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Strike Clause

A clause in a contract allowing a seller or shipper to delay delivery of a good if a strike or other collective action makes on-time delivery impossible. This reduces the risk that the seller or shipper may breach the contract due to circumstances beyond its control.
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PKTCL offers cargo coverage as per Institute Cargo Clauses A/B/C with the optional extensions of Institute War and Strike Clauses (Cargo).
Many of the companies have no strike clauses in their contracts but still plan to stage walk-outs.