Assistance in issuing force majeure certificates from the RCCI
The Ruse Chamber of Commerce and Industry (RCCI) reminds businesses in the region that it offers assistance to Bulgarian companies in issuing force majeure certificates - an important tool in commercial relations when the implementation of contracts is hindered by extraordinary and unforeseeable circumstances.
In the context of ongoing geopolitical instability, heightened tensions in international relations and trade, changing economic policies and growing risks to supply chains in Europe, the need to clearly document force majeure circumstances is becoming increasingly significant for businesses. In line with international practice and as part of the network of leading chambers of commerce and organizations, we at the Ruse Chamber of Commerce and Industry (RCCI) assist businesses in issuing force majeure force majeure certificates, within the framework of its partnership and membership in the Bulgarian Chamber of Commerce and Industry (BCCI) network, including for delays and logistical obstacles caused by the conflicts in the Middle East and other unforeseen circumstances.
The force majeure certificate certifies a release from liability for non-performance or delay under a commercial contract when it is caused by force majeure – an extraordinary event that is unforeseeable and beyond the control of the parties and occurs after the conclusion of the contract. Such circumstances may include natural disasters, fires, accidents, wars, earthquakes, government bans, strikes and others. The document is issued based on a written application by a Bulgarian trader who proves an objective inability to fulfill his contractual obligations to partners in the country or abroad. Documents from independent sources certifying the occurrence of force majeure circumstances are attached to the application. Force majeure certificates are accepted as evidence by international arbitration institutions and can help companies avoid contractual sanctions and penalties.
The Bulgarian Chamber of Commerce and Industry recommends that Bulgarian traders include a force majeure clause in their foreign trade contracts, with the certification of such circumstances being carried out by the BCCI. For more information and assistance, you can contact the BCCI Expert at the Bulgarian Chamber of Commerce and Industry: Ms. Lora Hristova at email: hristova@rcci.bg or tel.: 082/ 825 878
