Policies insure against non-delivery of contracted goods by government-owned or private suppliers followed by a failure to return/repay the insured's advance payment. The covered risks are similar to contract frustration policies.
- Non-cancelable* limits during the policy period
- Up to 90% coverage
- Tenor of up to five years
- Minimum premium of $10,000
*Non-cancelable limits: subject to policy terms and conditions, after issuing the policy the insurer may not unilaterally reduce any country or buyer limits, except for non-payment of premiums.