Credit, Political Risk and Bonds

Covers non payment by insured buyers in open account sales, factoring, receivable purchase and/or discounting of key accounts and major orders.

Covers non payment by insured buyers in open account sales, factoring, receivable purchase and/or discounting of key accounts and major orders.

Covers non payment by insured buyers in open account sales, factoring, receivable purchase and/or discounting of key accounts and major orders.

Covers non-payment by borrowers or project companies of limited recourse, senior-secured project finance loans.

Covers non-payment by private obligors with regards to documentary credits, working capital loans, term loans, revolving credit facility, trade financing, buyer’s credit, supplier’s credit, pre-export/delivery financing and asset financing.

Covers expropriation, currency inconvertibility/non-transfer and political violence in respect of fixed asset investments overseas through wholly owned foreign subsidiaries or joint venture companies.  May cover other political risk perils such as forced abandonment, selective discrimination, forced divestiture, license cancellation, inability to export or import, arbitration award default, non-honouring of sovereign obligations.

Covers expropriation and political violence in respect of equipment deployed overseas to your business location. May cover other political risk perils such as forced abandonment, inability to import or (re)export.

Covers expropriation and political violence in respect of mobile assets located or stored overseas.  May cover other political risk perils such as forced abandonment, inability to import or (re)export.

Covers expropriation, currency inconvertibility/non-transfer and political violence in respect of cross-border loans. May cover other political risk perils such as forced abandonment, selective discrimination, forced divestiture, license cancellation, inability to export or import, arbitration award default, non-honouring of sovereign obligations.

Private Obligor Covers host government interference resulting in contract cancellation or non-payment, import/export licence cancellation, licence cancellation, political violence, currency inconvertibility/non-transfer.

Public Obligor If the buyer/supplier is a Public Obligor, covers non-payment, unilateral contract cancellation, import/export licence cancellation, political violence, currency inconvertibility/non-transfer, arbitration award default.

Covers non-payment or non-honouring of guarantee by sovereign or public obligors in documentary credits, working capital loans, term loans, revolving credit facility, trade financing, buyer’s credit, receivable purchase, supplier’s credit, pre-export/delivery financing, limited recourse project finance, asset financing, local currency/hard currency capital market notes/bonds.

Private Obligor Covers host government intervention resulting in an unfair call, as well as fair call due to political events such as import/export licence cancellation, licence cancellation and political violence in respect of bank guarantees, bid bonds, performance bonds or warranty bonds put up to support the underlying contract.

Public Obligor Covers unfair call, as well as fair call due to political events such as import/export license cancellation, licence cancellation and political violence in respect of bank guarantees, bid bonds, performance bonds or warranty bonds put up to support the underlying contract.

Issued as part of the supply bidding process to provide assurance that the winning bidder can undertake a construction or supply contract.

Issued to assure satisfactory completion of a construction or supply contract.

Issued to assure completion of a construction or supply contract after payments have been made to contractors or suppliers upfront.

Issued to assure satisfactory performance of a completed construction or supply contract.

Issued to assure that suppliers and subcontractors are paid for work and materials supplied during a construction or supply contract.