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Standard Multi-Buyer Credit InsuranceYou can reduce the risk of selling internationally on credit terms by insuring your export accounts receivable with our Standard Multi-Buyer Credit Insurance. Ex-Im Bank's policy not only helps boost your export sales by extending competitive credit terms while limiting international risk, it also offers credit to your international buyers and enables you to access critical working capital funds. How Can I Use This?This policy allows you to offer qualifying international buyers attractive terms of credit.
The policy insures all shipments on credit terms (including documentary credits, unconfirmed letters of credit and open account) to eligible countries during the policy period--generally one year--and may be renewed annually. It gives your buyers up to 180 days to pay you back, and in certain cases, we can approve 360-day terms of credit for qualifying transactions (such as capital equipment and bulk, unprocessed agricultural commodities). Excluded from coverage are confirmed letters of credit, cash-in-advance sales, and certain military and defense-related items. Exporters can also obtain a political risk only policy. Coverage: Commercial and Political RisksThis policy covers losses due to commercial reasons (such as bankruptcy and protracted default) and political events (such as war, revolution, seizure of goods, revocation of import license, and inability to convert foreign exchange). Standard coverage is 95% of the invoiced amount.
CostsPremium rates are calculated on several factors, including length of terms offered, buyer type, spread of country risk, transaction type, and previous export experience, and can be customized premium rates based on your risk portfolio. A one-time, refundable advance premium of a $500 minimum is required to issue the policy, and there is no minimum annual premium. Shipments are reported, and premiums paid, on a monthly basis. Reports are due to Ex-Im Bank by the 30th of the month following the month of shipment. Instead of a monthly you pay an after-you-ship premium, due after you've made an overseas shipment. This policy does have a first-loss deductible. Eligibility CriteriaTo determine eligibility of goods and services exported by small businesses, applicable U.S. content consists of direct costs (i.e., labor, materials, and direct overhead) and indirect costs (e.g., research and development) associated with the production of your U.S. export.
Getting StartedPlease visit the nearest Ex-Im Bank office for a free consultation with an Export-Import Bank Trade Finance Manager, call 202-565-3946 or email us at info@exim.gov. |
Other ProductsWorking Capital GuaranteeSingle-Buyer Credit Insurance Small Business Multi-Buyer Credit Insurance Medium-Term Credit Insurance Medium and Long-Term Loan Guarantee Special SupportSuccess Stories$39M export deal means business, jobs for U.S. companiesEx-Im's $1.7M insurance policy helps get U.S. goods to Brazil$7M Egypt deals helps manufacturer get back on track$1.6M Ex-Im help has manufacturer busy, looking for more workersNew ProductsEx-Im Bank is offering new products to enable more U.S. small and mid-sized businesses to be competitive internationally and create more jobs by exporting more goods and services to more customers in more countries. ToolsExport-Import Bank has a number of helpful and necessary tools to assist in the application process. |
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