E

Excluded buyers

An excluded buyer confirmed by Atradius. Turnover realised with an excluded buyer therefore does not need to be declared in the turnover declaration.  Possible examples: associated buyers, private individuals, government debtors.

Excluded causes of loss

Cover shall not apply to:

1. losses directly or indirectly caused by, contributed to by or arising from the ionising, radioactive, toxic, explosive or other hazardous or contaminating properties or effects of any explosive nuclear assembly or component thereof, nuclear fuel, combustion or waste;
2. losses caused by or resulting from disputes where the Buyer claims for any reason
   whatsoever that he is justified in withholding partial or full payment or not performing any of his obligations under the contract. This exclusion shall no longer apply as soon as and to the extent that the dispute has been resolved in your favour either amicably or by a final court judgement or final arbitration award;
3. losses caused by or resulting from a failure by you or by any person representing you or acting on your behalf to fulfil any of the terms and conditions of the contract or to comply with the provisions of any law or any order, decree or regulation having the force of law;
4. losses caused by or resulting from a failure to obtain any import or export licence or other authorisation necessary for the performance of the contract or where performance of the contract would contravene any exchange control regulation. This exclusion does not apply where the necessity arose or exchange control regulation came into force after the date of Commencement of Cover;
5. where goods are to be despatched to, services or work are to be performed in, or payment is to be made from a country other than the Buyer's country - losses arising in connection with the third country, unless we agree otherwise in writing.

Excluded receivables

Receivables confirmed by Atradius that are excluded from insurance. Turnover realised in relation to excluded receivables therefore does not need to be declared in the turnover declaration. Example: prepayments, cash on delivery, VAT, ...