What Does Exchange Transfer Embargo Indemnity Mean?

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What does Exchange Transfer Embargo Indemnity mean? Read on to discover the definition & meaning of the term Exchange Transfer Embargo Indemnity - to help you better understand the language used in insurance policies.

Exchange Transfer Embargo Indemnity

Exchange Transfer Embargo Indemnity

Insurance on the transfer risks created when an overseas sale by the insured is paid in the currency of the buyer's country, and the payment is deposited to the insured's account in the buyer's country. It is also possible to secure insurance where a contract is taken in currency other than that of the buyer's country if the same fund transfer risk is apparent.

We hope the you have a better understanding of the meaning of Exchange Transfer Embargo Indemnity.

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