Page 39 - Marine Insurance IC67 EBOOK
P. 39
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policies, open policies, open covers and annual or provide any benefit hereunder to the extent that
turn over policies/STOP, the "sanctions clause" is the provision of such cover, payment of such claim
to be incorporated forthwith. or provision of such benefit would expose that
(re)insurer to any sanction, prohibition of or
The Wordings are given below. restriction under United nations resolutions or the
trade or economic sanctions, laws or regulations
" SANCTION LIMITATION AND EXCLUSION of the European union, united kingdom or the
CLAUSE": United Stated of America.
No (re)insurer shall be deemed to provide cover "JC2010/014 11August 2010"
and no(re)insurer shall be liable to pay any claim
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