Commercial: Bankruptcy, Insolvency,
Default/Refusal to Pay, or Breach of Contract.
Political: Exchange Transfer/Inconvertibility,
Expropriation, Nationalization, Confiscation, Embargoes
(Export or Import), Cancellation of Required
Licenses/Permits, War, Strikes, Riot/Civil Commotion,
Governmental Intervention, Contract Frustration, Unfair
Calling of Guarantees/Standby Letters of Credit and
other similar risks.
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