Policies insure against pre-shipment and/or post-shipment risks on contracts with a government-owned obligor (also referred to as a Public Buyer).

Pre-shipment risks include import or export embargo; buyer's country frustration of the contract; war and political violence; contract repudiation and failure to honor an arbitration award.

Post-shipment risks include nonpayment or failure to honor a letter of credit. Coverage for pre- and post-shipment risks can be combined in one policy.

  • 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.