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Product Details pre-shipment risk insurance
commencement of the service. Special provisions Pre-shipment risk insurance may be limited to cover for nonrecyclable parts or, in the case of several production and delivery stages, to a peak risk. Additional [...] profit, SERV premiums, claims for damages or contract penalties. The maximum amount to be insured is limited to the value of the export contract. Insurable risks Political risk Buyer’s commercial risk Transfer
https://www.serv-ch.com/en/services/for-swiss-exporters/pre-shipment-risk-insurance/product-details-pre-shipment-risk-insurance/
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Opening the door for Gilgen Door Systems
payment risk vis-à-vis the financing bank, leaving Gilgen’s credit limits unaffected. An additional advantage is that the existing guarantee limits for its other ongoing tasks are available in full, meaning Gilgen [...] ‘Grand Paris Express’, operated by the Société du Grand Paris founded specifically for this purpose. As part of this project, Paris’ existing metro network is to be expanded to include a further 200 km and four [...] (Automatic Doors for Public Transport). ❝ We do indeed have enough liquidity, but this means that a large part of it is tied up for the entire term, so we can’t use it for other orders. ❞ Robert Hug, Deputy Head
https://www.serv-ch.com/en/services/success-stories/opening-the-door-for-gilgen-door-systems/
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Informationsflyer_SERV_e.pdf
Buyer’s Insolvency or unwillingness to pay on the part of the foreign buyer or commercial risk debtor. Exporter’s Insolvency or unwillingness to pay on the part of the Swiss exporter. commercial risk Fair calling [...] production costs yourself or only with the help of your bank, but you have already reached your credit limit or the costs would impair your liquidity? With working capital insurance, SERV guarantees the repayment [...] credit insurance. Do you need to provide a foreign customer with a payment guarantee, but your credit limit at your bank is too low or the amount would impair your liquidity? With a counter guarantee, SERV
from the buying country that are directly associated with the exporter’s export transaction and are part of the receivables owed by the buyer to the exporter. For example, local costs are the costs of c [...] cent of the value of the export contract value (i.e. the total order value less local costs). The limit is 40 per cent in countries in consensus category I (high-income OECD countries). Questions? Contact:
https://www.serv-ch.com/en/services/application/financing-options/
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SERV_Praemienreglement_2023_e.pdf
corresponds to twice the WAL, minus six months. Limit for buyer credit insurance: maximum amount covered Limit for buyer credit insurance: total term of the limit Confiscation risk insurance STEx Amount covered [...] period is added to the payment period. Limit for the supplier credit insurance: maximum amount covered Limit for the supplier credit insurance: total term of the limit Multi-buyer insurance: minimum term [...] receivable covered Working capital insurance limit: maximum amount covered Term of the working capital cover Working capital insurance limit: total term of the limit Swiss Export Risk Insurance | Genferstrasse
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SERV_Praemienreglement_2023_e.pdf
corresponds to twice the WAL, minus six months. Limit for buyer credit insurance: maximum amount covered Limit for buyer credit insurance: total term of the limit Confiscation risk insurance STEx Amount covered [...] period is added to the payment period. Limit for the supplier credit insurance: maximum amount covered Limit for the supplier credit insurance: total term of the limit Multi-buyer insurance: minimum term [...] receivable covered Working capital insurance limit: maximum amount covered Term of the working capital cover Working capital insurance limit: total term of the limit Swiss Export Risk Insurance | Genferstrasse
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Export risk insurance – a game changer
offered a differed payment plan with a long credit period. However, as a young company, MindMaze has limited access to credit lines or to liquidity reserves to take on such payment terms and hence ensure sales [...] of assigning the claim and the SERV insurance to a bank which then partners with MindMaze. For its part, the bank agrees to finance MindMaze upfront against future payments to be made by the buyer “SERV
https://www.serv-ch.com/en/services/success-stories/export-risk-insurance-a-game-changer/
instance, the SPOC applies to the respective part or the average weighted time of the individual parts. If the exporter is responsible for a substantial part of a project, but not the project as a whole [...] with the project; – Potentially a guarantee obligation on the part of the sponsors of the project to reduce the manufacturing risk (limited recourse financing); – The existence of turnkey EPC contracts [...] SERV. The bank is only liable for a breach or neglect of duty on its own part. As a result, a breach or neglect of duty on the part of the exporter that was neither known nor should have been known by the
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Information_Schaeden_e.pdf
can be obtained from SERV. A request for indemnification under art. 17 (1) SERV-V is subject to a limitation period of two years from the occurrence of the insured event. If a guaranteed event covered by [...] policyholder materially breached these obligations after a claim is filed, SERV may refuse to pay all or part of the indemnification based on the individual circum- stances. Examples of possible material breach [...] rights to be transferred in a particular case, the policyholder must maintain the rights for SERV as part of its loss mitigation obligation. The policyholder’s responsibility for taking measures to recover
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Flyer_Praemienreglement_2023_e.pdf
the SERV Act (SERVG), SERV is required to charge risk-adjusted premiums on a case-by-case basis as part of its business policy (SERVG 6 I let. c). In particular, premi- ums must be based on the respective [...] defined more clear- ly, and it will be possible to take into account various product variants such as limits or pro-rata transactions. At the same time, having a separate premium calculation for each individual