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Product Information - Export Business Builder

BENEFITS
Protects you against failure to receive payment of an insured debt from an insured buyer in an insured country.

This type of policy caters for companies that do not have an extremely large export turnover.

RISKS COVERED
Protracted default, which is failure of your buyer to effect payment in local currency for an undisputed insured debt within six months after due date.

Insolvency: Which means any of the following events granted against your insured buyer:

  • A provisional compulsory sequestration order
  • Provisional acceptance by the court of a voluntary surrender of estate
  • A provisional winding-up order
  • Acceptance of a statutory compromise or scheme of arrangement binding on all creditors
  • A provisional judicial management order

Importation a law in your buyer's country which restricts / controls / prevents the importation of goods into that country.

Transfer a law in your buyers country restricting the transfer of funds, beyond your control, back to you.

Conflict any occurrence of war, hostilities, civil war, rebellion, insurrection, revolution or other disturbances in an insured country.

BASIC POLICY STRUCTURE
Premium
Premium is a fixed amount that is payable monthly via debit order.

Insured percentage
The percentage of the insured debt that will be paid by Credit Guarantee in the event of a loss.

GENERAL EXCLUSIONS FROM COVER

  • Changes in exchange rates
  • Physical damage to the goods
  • Any actual/alleged breach of contract by you
  • Disputes

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