Agro-fisheries Export Insurance of K-sure,

This product covers the domestic or foreign financial institution
(policyholder) that provides a loan (buyer credit) to an importer,
which is used to pay for export proceeds.

Direct loan

A bank lends export proceeds directly to an importer.

Indirect loan

A bank in an exporting country extends a line of credit to a bank in an importing country, which in return lends export proceeds to importers within its country within the line of credit.

Policyholder: Lending financial institution

- Borrower: Importer or a bank in an importing country

Covered Amount: Loan principal + interest

Transaction Structure for Buyer Credit

60 percent of the annual expected insurance premiums are to be paid within 30 days from the opening date of the insurance period

Premiums are calculated based on the following table, depending on whether the policyholder subscribes to comprehensive insurance or not.

Short-term Export Insurance (Buyer Credit) Premium Rate table

Category	Companies which applied the premium rate of Comprehensive Insurance I	Companies which applied the premium rate of Comprehensive Insurance II	Companies which did not subscribe to Comprehensive Insurance
Direct Loan	Basic premium rate for D/A transactions in selecting Comprehensive Insurance I X 1.2	Basic premium rate for D/A transactions in selecting Comprehensive Insurance II X 1.2	Basic premium rate for D/A transactions in individual insurance (post-shipment) X 1.5
Re- lending Loan	Basic premium rate for L/C transactions in selecting Comprehensive Insurance I X 1.2	Basic premium rate for L/C transactions in selecting Comprehensive Insurance II X 1.2	Basic premium rate for L/C transactions in individual insurance (post-shipment) X 1.5