This scheme (under which there are several products)
is devised to cover an exporter or L/C issuing bank (policyholder)
from the non-payment risk in those transactions with the payment
period of less than two years and is the most frequently used
among various export insurance schemes.
is devised to cover an exporter or L/C issuing bank (policyholder)
from the non-payment risk in those transactions with the payment
period of less than two years and is the most frequently used
among various export insurance schemes.
It helps a healthy growth of exports by
promoting export transactions based on trust and is a safe management
tool of non-payment risk for exporters.
- - Commercial risks: Importers’ (or L/C issuing banks’) inability to pay, payment delays, refusal to accept shipment, etc.
- - Political risks: War, FX transfer difficulties, etc.
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