Norwich Union Marine
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Restrictive Legislation

Restrictive Measures

  1. Forbidden for the seller to insured exports abroad
  2. Forbidden for the buyer to insure imports abroad
  3. Forbidden for the seller to export on a FOB basis
  4. Forbidden for the buyer to import on a CIF basis
  5. Special taxes and extra charges
  6. Currency restrictions

View Restrictive Measures:

Country Restrictions WTO Membership MAT Cross border & consumption Commitments under GATS Domestic Insurance law
Senegal 2,4 Member Unbound Law 83-47 of February 18 1983
Decree 83-1201 of November 24 1983
Code CIMA Art. 278.
Remarks All goods and merchandises directly imported for trade or industrial purpose must be insured either through representatives approved by Minister in charge of finance or through brokers established in Senegal.
Seychelles 1,2,3,4 Observer - Insurance Act 1994, as amended 1995
Remarks -
Sierra Leone 2,4 Member Unbound Section 76 of Insurance Act 1971
Law of April 15, 1974
Remarks -
Solomon Islands 2,4 Member No schedule of specific commitments Public notice pursuant to Section 10 (3) of the Insurance Act 1985
Remarks -
Somalia 2,4 No - Law No.69 of September 30,1972
Remarks -
Sudan 2,4 Observer - Ministerial Order of March 13, 1970
Control and Supervision of Insurance Business Act 1992.
Remarks Local insurance is compulsory for marine imports. A local marine cargo policy covering transit must be presented to Customs for clearance. Authorisation for non-admitted insurance may be granted by the Minister of Finance in special circumstances.
Syria 2,4 No - Order No.337, 28 May 1979
Remarks Imported materials and goods are subject to Insurance with SIC (Syrian Insurance Company) at least for Clause C cover. Exported goods may be insured abroad.
Tanzania 2,4 Member No schedule of specific commitments Insurance Act 1996 gazetted on 13 March 1998
Remarks Insurance is commonly placed overseas for building projects where the finance is being provided by overseas countries.
Togo 2,4 Member No schedule of specific commitments Law No.87-07 and Decree No. 87-104 of June 3 1987 (Cat No.2)
Tax code, Chapter 2, Article 865, Paragraph 4
Insurance Act of 1996 gazetted on 13 March 1998
Code CIMA Art.278
Remarks Imported goods of a FOB value equal to or exceeding USD 1000 must be insured locally. Goods are often imported on a CIF basis despite the legal requirements.
Tunisia 2,4 Member Unbound Law No. 80/88 of December 12 1980
Decree No.81-1596 of November 24, 1981
Remarks Imported marine cargo of a value equal to or exceeding TND 3,000 (USD 2.12) must be insured locally. Exports are usually sold either C & F or FOB.
Uganda 1,2,3,4 Member No schedule of specific commitments Marine Insurance Act 2002
Remarks Both imports and exports are required to be insured locally. But offshore coverage is continuing due to a lack of official monitoring.
Yemen 2,4 Observer - Memo by the Ministry of Commerce & Industry, dated December 16 Ref 5060/9
Remarks Imported goods into Yemen are supposed to be insured with Yemeni Insurers, but in practice this is often ignored and imported goods enter the country on a CIF basis.