Common use of Export Control Compliance Clause in Contracts

Export Control Compliance. Bakelite is subject to application of United States, EU and national export control laws. In this capacity Bakelite is prohibited from directly or indirectly exporting and/or selling products, or allowing third parties to directly or indirectly sell and/or export products, into certain embargoed countries and to certain restricted or denied customers under the export control laws of the United States, the EU and/or the UN. Prohibited transactions include any transaction in which Products are shipped to or through the embargoed countries or which involve the restricted or denied customers. Penalties for violation of these laws are severe.