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B-7 Embargo provision, Watercraft Liability Insurance, Basis Plus
Clause B-7, Embargo provision, from Watercraft Liability Insurance, Basis Plus, AVB WSH Basis Plus (01-2025nam).
German law applies; only the German wording is binding.
This English text is a courtesy so you can read what you buy, not a contract document.
Where the two differ, the German text decides:
Notwithstanding the other provisions of the contract, cover exists only so far as and for as long as no economic, trade or financial sanctions or embargoes of the European Union or the Federal Republic of Germany directly applicable to the contracting parties stand in the way. German law applies to the contract. The German wording of the conditions alone is binding; this translation is provided for understanding only. This also applies to economic, trade or financial sanctions or embargoes of the United States of America, so far as legal provisions of the European Union or the Federal Republic of Germany do not stand in the way. Basis Plus, Part C: what further provisions must be observed?
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