Export Credit

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Export Credit

Protect yourself against the risk of non-payment by your overseas buyer due to defined commercial or political events.
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The premiums of range depending on the destination as rated “1” to “5”. The Premiums payable under the policy are the product of the amounts (turnover) declared on a monthly basis and the relevant premium rates. On Open account (30-90 Days) terms, they are as follows;

“1”-eg United kingdom, USA, Germany, China about 0.70%

“2”-eg Botswana, South Africa, Swaziland about 1.00%

“3”-eg Namibia, Lesotho, Israel about 1.50%

“4”-eg Kenya, Malawi, Brazil about 1.80%

“5”-eg Zambia, Mozambique, Tanzania about 2.20%