Tuesday, November 18, 2014

Overseas Construction Works Insurance - K-sure,

This product covers losses by contractors of overseas
construction projects arising from political risks and project
owners’ commercial risks.
The policyholders may pay insurance premiums in installments
because they may be paid for their construction works in a milestone
basis.
Insured risks depend on the duration of risks based on 1) shipment, 2) insurance of certificate of performance, 3) payment by
construction project owner.

Basic Transaction Structure

Overseas Natural Resources Development Fund Insurance Basic Transaction Structure : K-sure cover risks(EPS Exporter and Buyer, Export contract)

Risks Covered

  • - Construction and technology services: Political and commercial risks
  • - Construction equipment: Political risks (expropriation, wars and money transfer)

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