Joint Excess Loss CommitteeRoom358, Lloyd’s, One Lime StreetLondon EC3M 7DQTel: (+44) 020 7327 3333 Fax: (+44) 020 7327 4443 Enquiries to: Neil Roberts Direct Dial: 0207 327 email@example.comJX2011/0017th November 2011 Sanction Limitation and Exclusion Clause Members will be aware that following the release of the Joint Hull Committee Clause, other areas of the market adopted the wording with their particular class reference. Members of the reconstituted Joint Excess Loss Committee have agreed that the wording should be circulated and made available under a JX reference for use where appropriate within the marine reinsurance market. A copy of the clause, referenced as JX2011/001, is attached and is available for immediate use. It should be recognised that in some cases, for instance Cuba, use of the clause could contravene EU blocking or similar legislation. Neil RobertsSecretarySanction Limitation and Exclusion Clause No (re)insurer shall be deemed to provide cover and no (re)insurer shall be liable to pay any claim or provide any benefit hereunder to the extent that the provision of such cover, payment of such claim or provision of such benefit would expose that (re)insurer to any sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations of the European Union, United Kingdom or United States of America.