Sanctions Due Diligence Questionnaire

Below is a non-exhaustive list of key questions likely to arise during the due diligence process in respect of the insurance policy, call, transfer, or shipment of cargo.
The obligation to ascertain the legality of the trade lies with the Client. The Client is further responsible for ensuring that the trade does not expose insurers and/or reinsurers to any sanctions risk. Failure by the Client to comply with sanctions imposed by the European Union, the United Kingdom, the United Nations, the United States, or any other relevant sanctions regime – including the state/country where insurers and/or their reinsurers have their registered office and/or permanent place of business – may have implications for cover under the relevant insurance policy.
Insurance cover is always subject to applicable policy conditions. The provision of the information below does not prejudice the right of the insurer to rely on the sanctions clause of the insurance policy.