Selling embargoed goods or pre-embargoed goods refers to the act of offering and trading products that have restrictions or trade embargoes imposed on them by the government or international organisations.
Embargoed goods are those that are prohibited from being imported or exported due to political, economic, or security reasons. Governments may impose embargoes on certain countries or specific products to enforce sanctions, protect national security, or achieve foreign policy objectives.
Pre-embargoed goods, on the other hand, refer to products that are expected to be subjected to an embargo in the near future.
It means that there are signals or indications of impending restrictions or sanctions on those goods.
Selling embargoed or pre-embargoed goods can have legal consequences, as it involves violating trade regulations and international agreements.
Engaging in such activities may lead to penalties, legal actions, or sanctions imposed by the governing bodies responsible for enforcing trade regulations.
It is essential for businesses and individuals to comply with international trade laws and regulations to avoid any legal complications.
It is recommended to stay updated with the latest trade policies, embargoes, and restrictions imposed by relevant authorities when conducting business involving international trade.
Due to legal restrictions and trade sanctions imposed, sellers can't list embargoed goods or pre-embargoed goods from these countries/regions:
Organisations, businesses, or individuals based in the above embargo countries can't register an account with BNSBids.
Activity that doesn't follow this policy may result in action being taken with applicable laws, and depending on the activity we may be required by law to report the activity.
If we find your listing or your listing is reported we will investigate and remove the listing. Depending on your activity we may give a warning or suspend your account.
