06.01.2010

Due to numerous new sanctions imposed by e.g. the UN Security Council, EU and US, Nordea is taking the following clause into use.

"Due to sanctions decided upon by UN Security Council and USA, and regulations imposed by EU and local law, Nordea disclaims liability for any delay, non-return of documents, non-payment or other action or inaction compelled by law or regulation, a judicial order or a government regulation applicable to us."

As of today the clause is included into selected parts of Nordea’s outgoing correspondence regarding Documentary Credits and Guarantees.

We strongly suggest that you get yourself acquainted with the sanctions in force and take appropriate measures.