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Article R442-10-2 of the French Insurance Code

The political risk is realised 1° When the goods cannot be dispatched or cannot leave the country of dispatch or do not reach the country of destination as a result of one of the following incidents occurring in the country of dispatch or in transit: a) Export ban imposed by the authorities of the country of dispatch; b) Capture, arrest, seizure, requisition, coercion, molestation or detention by a foreign government…

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Article R442-10-3 of the French Insurance Code

Catastrophic risk occurs when, as a result of a cataclysmic event, such as a cyclone, flood, tidal wave, earthquake or volcanic eruption, occurring in the country of dispatch or in transit, the goods cannot be dispatched, are destroyed or damaged or are subject to additional costs that are not recoverable from the seller.

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Article R442-10-4 of the French Insurance Code

The foreign exchange risk arises when the exchange rate of the foreign currency covered by the purchase contract is higher on the day the foreign currency is purchased than the rate on the basis of which the guarantee is granted. This risk can only be guaranteed if there is no other way of hedging it under equivalent conditions.

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