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Single-Buyer Credit InsuranceEx-Im Bank's Single-Buyer Credit Insurance lets you increase your export sales by limiting your international risk, offer credit to your international buyers and access working capital funds. Our insurance covers the risk of buyer nonpayment as well as certain political risks such as the inability to convert currency, bankruptcy, protracted default, or war. It can also replace cash-in-advance, letters of credit, and other documentary sales. How Can I Use This?Quite simply, this policy can provide:
Coverage: Commercial and Political RisksThis policy covers 90% of nonpayment losses due to commercial reasons (such as insolvency and protracted default) and 90% political risks (such as war, revolution, seizure of goods, revocation of import license, or the inability to convert foreign currencies). Coverage percentage is the same for both commercial and political risks, but varies depending on the type of debtor:
Coverage does not include confirmed letters of credit, cash-in-advance sales, and certain military and defense-related items. CostsOur lower minimum premium amounts apply for exporters qualifying as a small business under U.S. Small Business Administration guidelines. Our small business minimum premiums per transactions are $500 for Political-Only Coverage for Sovereign Buyers, Private and Non-Sovereign Public Financial Institutions. 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 the 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. |
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