• Export and/or Import Embargo Indemnity is a cover for losses incurred when import restrictions imposed by the government of the buyer’s country or an export embargo in the seller’s country disrupt a foreign contract. Similarly, if the contract includes goods manufactured in a third country, significant additional costs may arise if export restrictions are imposed in the country of the subcontractor; or, in circumstances where subcontracted goods were imported into the country of the main contractor, an embargo may be imposed on the import of such goods. Losses incurred as a result of the termination of contracts in this way can be covered by indemnification in connection with the export/import embargo.