Infinity Contract Frustration Solutions

Infinity Contract Frustration Solutions
 «Your international business with the backing of Lloyd’s of London»

 

With Infinity Contract Frustration Solutions, you can protect the economic interests of all parties involved in an international transaction. You can vouch for the performance of the obligations assumed by both parties as per sales and purchase contracts on foreign merchandise, the procurement of foreign merchandise, turnkey business ventures, contracts to render services abroad and contracts for the design, manufacturing, production and delivery of merchandise abroad and any other liabilities contained in international contracts.

The coverage includes damages derived from actions or inaction by a specific government that affects the possibilities of complying with the liabilities entered into by both parties of the contract (coverage of political risks).

Depending on the risks to be placed, specifically or globally, the insurance coverage may include:

 

Breach of payment by the purchaser.

Breach in the delivery of the merchandise.

Non-payment by the guarantor or the bank.

Inability to obtain foreign currency and send the funds from the buyer’s country.

Buyer’s failure to honor an arbitration award.

Cancellation of export and/or import licenses.

Cancellation of contract.

Imposition of import and/or export embargoes.

Political risks: war, terrorism, strikes, disturbances and social outbreaks.

Confiscation, expropriation and nationalization of companies, factories, assets and equipments.