The buyer understands and acknowledges that JVD is subject to international sanctions such as embargoes and sanction programmes, including a ban on exporting certain products to certain countries such as Iran, North Korea, Cuba and Syria. The buyer warrants that it complies in all respects with the export and re-export restrictions arising from national and international sanctions.

In particular, the ban applies to the export and re-export of products of American provenance or origin to countries to which embargoes and economic sanction programmes apply, such as Iran, North Korea, Cuba and Syria. JVD also imposes this ban on the buyer. The buyer must therefore observe the sanction legislation as referred to above.

Any breach of this article can result in the termination of the agreement. In addition, justified suspicions of a breach which has been committed or is still to be committed by the buyer may result in:

     1) The cancellation of any upcoming transactions without the buyer being able to demand any compensation

     2) Reporting to the relevant regulators 

     3) The termination of our sales agreement.

The buyer shall also be liable for any (in)direct loss as a result of a breach by the buyer.