Insurance Solutions for Project(s)
What It covers
- Covers the post-delivery nonpayment risk, buyer default risk, buyer bankruptcy/insolvency risk on both international and/or domestic payments under single projects.
- Cover for unconfirmed LCs against the non-payment of the issuing bank.
- Covers the supplier pre-delivery manufacturing costs in cases of repudiation and breach of contract by the buyer
- Covers the buyer’s advance payment risks in cases of repudiation and breach of contract by the supplier
- Cover political risks including currency conversion and currency transfer restrictions, government imposed import/export embargos, government imposed license cancelations and nationalization acts.
- Policies cover both commercial and political risks up to 95%.
- Subject to approval, policy proceeds (claim payments) may be assigned to a financial institution to arrange project financing
- Payment terms up to five years can be covered
- Invoicing period up to two years can also be covered
