14.Force Majeure

• “Force majeure event” refers to unforeseeable, insurmountable, and unavoidable objective events that may prevent the affected Party from fulfilling its obligations hereunder in full or in part, including but not limited to such natural disasters as floods, earthquakes, fires, and storms, and such social events as wars, turmoil, and government actions.
• If either Party fails to perform its obligations due to the occurrence of a force majeure event, it shall notify the other Party in writing within 15 days after the occurrence of such an event and provide documentary evidence within 30 days upon the request of the other Party. Both Parties shall make every endeavor to minimize loss. In case of a force majeure event, the affected Party shall not be held liable for its failure to perform the Contract or any loss, and it shall not be deemed as breach of the Contract. The Party affected by the force majeure event shall take appropriate measures to reduce or eliminate the influence of such an event and resume the fulfilment of the obligations affected by the force majeure event. However, for the containers leased by the Lessee, the Lessee must fulfill the obligation to redeliver them; otherwise, it shall be liable for breach of the Contract. The Lessee has no reason to apply the provisions of force majeure in this regard, no matter whether the event is controlled by the Lessee or not.