This is a practitioner’s guide to the provisions of two types of insurance policy designed to cover non-performance of international trade contracts. The Contract Frustration/Repudiation policy covers losses stemming from non-performance on the part of government entities or non-performance by reason of government restriction on the part of private entities. The CEN policy covers losses attendant upon confiscation, expropriation or nationalization.

The work is the product of 15 years’ practical experience in the field, its purpose being “to hasten the evolution towards ever more responsive wordings and to stimulate the popularity of these useful insurances in international trade and trade financing transactions”. There is no reason to believe the author will be disappointed. The text consists essentially of a commentary on the standard provisions of the two forms of insurance. All significant clauses are