Pre-shipment risk insurance covers the exporter's production costs for agreed goods and services if the occurrence of an insured risk has made it impossible or impracticable to continue manufacturing and shipping the goods. The maximum cover ratio is 95 per cent.
Technical terms
The glossary contains precise explanations of key terms – from the Arrangement on Officially Supported Export Credits and del credere risk through to working capital insurance.
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Pre-shipment risk insurance