Terrorism & Political Risk
Political Risk
i. Exchange transfer risk (currency in convertibility or non transfer) [C1].
ii. Confiscation, expropriation, nationalization or deprivation of assets of property [END].
iii. Government Action-Which prevent the performance of the contract whether by imposing new regulations, cancelling licenses, contract repudiation or imposing embargoes,
iv. Political violence including war of civil war resolution insurrection, civil commendation rights which result in damage to the insured’s property.
v. Non payment by a sovereign buyer or non delivery by a sovereign supplier of non honoring of a sovereign guarantee.