For whom is buyer’s credit insurance suitable?
When a foreign buyer borrows from a bank to pay for the exported goods, that bank may require insurance cover against insolvency of the buyer. Such buyer’s credit insurance often lowers financing costs and enables exporters to provide their trade partners with an attractive financing option. A variation of the above is financing insurance, where the payments of a foreign buyer are guaranteed with a letter of credit or another bank instrument.
Buyers’ credit and financing insurance cover applies for credit period exceeding two years and is regulated by an agreement between OECD countries regarding the offering of state export guarantees.
What are the most important terms?
Necessary documents and additional material
How to apply for the insurance?
Please fill out an application and send to us for review.
Please read the buyer credit insurance terms and consult our customer account managers if necessary.