According to Cliff Shedd, we would be covered by insurance if we terminated  the contract with Furnas and Furnas failed to pay the termination payment.
However the insurers will only pay after we receive an arbitration judgement  against them and the refuse to honor the judgement.
I assume we would also  have to exhaust our remedies against trhe guarantor (Eletrobras).
Also, we are required to notify the underwriters immediately of a material  default.

Insurance
According to Cliff Shedd, we would be covered by insurance if we terminated the contract with Furnas and Furnas failed to pay the termination payment.
However the insurers will only pay after we receive an arbitration judgement against them and the refuse to honor the judgement.
I assume we would also have to exhaust our remedies against trhe guarantor (Eletrobras).
Also, we are required to notify the underwriters immediately of a material default.
judgement assume exhaust cliff shedd covered insurers pay remedies trhe guarantor eletrobras refuse terminated contract furnas required notify underwriters immediately material default