Export Credit
Products we Offer
Export Credit
Political risks
Cover includes laws, wars, strikes and political disturbances which obstruct the importation of goods into a foreign
Commercial risks
The main risks covered are insolvency of the buyer, protracted default (failure to pay an undisputed insured debt within a
Post-Shipment
Provides protection from the moment the goods are shipped until final payment is received.
Consignment stock
For sound business reasons many exporters maintain stocks of goods in other countries. This type of cover
Transit risk
Many exporters ship goods only to associate companies, where there is no commercial credit risk. This type of cover
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FAQ's
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%
