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A Japanese trader concluded a transaction under CIF Tianjing, exporting fiber products to China. The contract included the term of force majeure. Soon the price of oil rose sharply due to the Gulf War, as a result of which, the cost of the Japanese exporter increased 20% . The Japanese exporter then asked for raising export price based on force majeure events.A.
As Gulf War is a force majeure event, the Japanese exporter can terminate the contract
B.
As this is a commercial risk not a force majeure event, the Japanese exporter shall perform the contract as usual.
C.
As the rise in cost is caused by external accidents, the Japanese export shall raise the price for export
D.
There are unfair terms in the contract
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