Credit, Political Risk and Bonds
We assess credit, political risk and surety policies to support international trade, foreign direct investments, domestic and cross border.
Each policy is designed to your bespoke needs, with a maximum limit of US$30 million. These polices act as a level of protection against unpredictable and unanticipated financial risks to your business and its operations.
Suitable for traders, investors, lenders, contractors, export credit agencies and multilateral agencies.

Products and Occupancies
Traditional Trade Credit | |
I. Major Debtor / Key Account
Covers non payment by insured buyers in open account sales, factoring, receivable purchase and/or discounting of key accounts and major orders. |
2 Years |
II. Excess of Loss
Covers non payment by insured buyers in open account sales, factoring, receivable purchase and/or discounting of key accounts and major orders. |
2 Years |
III. Single Buyer
Covers non payment by insured buyers in open account sales, factoring, receivable purchase and/or discounting of key accounts and major orders. |
2 Years |
Structured Credit | |
I. Non Payment (Project Finance)
Covers non-payment by borrowers or project companies of limited recourse, senior-secured project finance loans. |
15 Years |
II. Non Payment (Private Obligor)
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. |
7 Years |
Political Risk Insurance | |
I. Equity Form PRI
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. |
15 Years |
II. Contractors Comprehensive Plant and Equipment
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. |
15 Years |
III. Mobile Assets
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. |
15 Years |
IV. Lenders Form PRI
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. |
15 Years |
V. Contract Frustration (Private Obligor or Public Obligor)
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. |
15 Years |
VI. Non Payment or Non Honouring of Sovereign / Sub-Sovereign / Public Obligor
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. |
15 Years |
VII. Unfair Calling of Bonds (Private Obligor or Public Obligor)
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. |
7 Years |
SURETY BONDS (ON DEMAND BONDS IN SINGAPORE ONLY) | |
I. Bid Bonds
Issued as part of the supply bidding process to provide assurance that the winning bidder can undertake a construction or supply contract. |
7 Years |
II. Performance Bonds
Issued to assure satisfactory completion of a construction or supply contract. |
7 Years |
III. Advance Payment Bonds
Issued to assure completion of a construction or supply contract after payments have been made to contractors or suppliers upfront. |
7 Years |
IV. Retention / Warranty Bonds
Issued to assure satisfactory performance of a completed construction or supply contract. |
7 Years |
V. Labour and Material Payment Bonds
Issued to assure that suppliers and subcontractors are paid for work and materials supplied during a construction or supply contract. |
7 Years |