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Contingency insurance

Insurance coverage taken out by a party to an international transaction to insure against insurance coverage taken by the counterparty. The contingent insurer pays its beneficiary and attempts to collect from primary insurer. For example, a pre-paying buyer purchasing on…

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Contingent Protection

It is all measures put in place to form a certain barrier to trade. They are only imposed if certain harmful circumstances on domestic market appear. (e.g. of those measures anti-dumping or countervailing duties (to offset subsidies) and safeguards).

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