Happy to be corrected, but I don't think that's right.Force...

Happy to be corrected, but I don't think that's right.

Force Majeure, as I understand it, circumvents contracts to deliver a product due to circumstances like extreme weather...for example, a contract a coal miner might have with an electric utility, when the coal mine gets flooded.

In the case of an offshore rig, I understand that the parties who have contracted the rig continue to pay a daily rate until they release the rig back to the owners.