Our solution - medium-term export payments insurance
The longer the payment period in your export contract the higher the risk of non-payment by your overseas buyer, which can put pressure on your cashflow.
If your export contract has a payment period of more than two years, our export payments insurance can help you to manage the risk of non-payment due to defined commercial and political events.
Commercial events may include your buyer’s insolvency or their wrongful breach of contract payment obligations.
Political events may include war, civil war and riot, the application of foreign laws that interfere with the contract, and the inability to convert local currency or to transfer currency out of your buyer’s country.
Our export payments insurance provides:
- up to 100% cover against non-payment due to defined political risks
- up to 90% cover against non-payment due to defined commercial risks.
This helps to protect your export payment stream and makes you more competitive by being able to offer your buyers extended payment terms.