Export credit insurance
Export Credit Insurance is another measure for encouraging exports, whereby the exporter is insured against the economic risks inherent in international trade operations, during both the initial phase or the period of manufacture and the phase following shipment or definitive exportation.
In addition, credit insurance cover can be taken out:
- To cover the insolvency and late payment of private debtors and their guarantors (commercial risks)
- To cover non-transfer or inconvertibility risk, contact cancellation by the importing country, catastrophic and war risks, default of public buyers (political and extraordinary risk)
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ASECOEX studies and designs export credit insurance policies that are the most suitable for complete cover of the export contract or the investment undertaken.
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