Glossar
Multi-buyer insurance
Under multi-buyer insurance, an association of exporters can insure shipments to different buyers in different countries under one policy through a central insurance unit.
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Glossar
Buyer credit insurance
Buyer credit insurance covers the financing of Swiss exports by domestic and foreign banks and financial institutions. The maximum cover ratio is 95 per cent.
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Glossar
Starting point of credit (SPOC)
repayment period. It is based on the date from which the buyer can derive an economic benefit from the export goods.
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Glossar
Confiscation risk insurance
Under confiscation risk insurance, SERV insures goods which have been exported for storage, exhibition or testing against confiscation, loss of power of disposal and destruction or damage. The maximum
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Cover policy for countries and banks
currency revenue, special export goods, etc.). Currently off cover For these countries and sectors, SERV is most likely unable to provide cover. One reason for this can be that export risk insurance is prohibited
https://www.serv-ch.com/en/services/cover-policy-for-countries-and-banks/
Glossar
Pre-shipment risk insurance
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
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Glossar
Contract bond insurance
A contract bond is a guarantee that must be issued by a bank on behalf of an exporter to the foreign debtor (bid, advance payment, delivery, service, performance or warranty bonds). SERV contract bond
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Glossar
Insurance commitment in principle (ICP)
circumstances or legal position (art. 7 SERV-V). Applicants can request an ICP before concluding the export transaction. ICPs are generally valid for six months.
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Glossar
Switzerland Global Enterprise (S-GE)
Switzerland Global Enterprise is the official Swiss organisation for export promotion and promoting Switzerland as a business location. It supports Swiss SMEs with their international business. S-GE is
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A counter guarantee protects the bond-issuing bank against the risk that the exporter will be unable or unwilling to pay if the contract bond is called. The cover ratio is 90 percent, cover up to the full
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