Our glossary simplifies common industry terms in freight and logistics into clear, easy-to-understand explanations.
An Embargo is a trade restriction imposed by a country on a specific country, region, or product for diplomatic, national security, or humanitarian reasons. It may include a complete ban, partial restrictions, or financial sanctions. Embargoes have a significant impact on the supply chain, and the consequences of non-compliance are severe. Companies should regularly compare sanctions lists (such as OFAC, EU, and UN) with internal customer/supplier lists, and ensure that transactions are legal through systematic screening and compliance training.
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