Supplier credit insurance

Cover against default of payment for individual exports.

Insurable risks:

• Political risks such as extraordinary government measures and wartime events.
• Transfer risks such as non-conversion/non-transfer of amounts in the respective national currency.
• Risks of force majeure, unless insurable otherwise under marketable terms.
• Credit risks such as ordering party insolvency or failure to pay invoices within three months of due date (protracted default).
• Inability to fulfil contractual obligations for political reasons, consequently nullifying the exporter's entitlement to compensation for provision of products/services.
• Confiscation of, damage to or destruction of dispatched goods before transfer of risk due to political factors, unless insurable otherwise under marketable terms.

The maximum cover ratio for political risks is 95 percent; the maximum cover ratio for economic risks is also 95 percent, limited until the end of 2015.