marine insurance

trade credit insurance

Assurance for continuous business growth.

overview

trade credit insurance is marine insurance that indemnifies the insured against non-payment for goods and services by a buyer, due to insolvency of the buyer, delay payment & change of government regulations.

policy highlights

key coverages
  1. Commercial risks

    2. This refers to the failure of a buyer to pay its trade credit debts within the agreed credit period, whether due to temporary financial problems or as a result of the buyer becoming insolvent.

  2. Political risks

    3. This type of risk is faced by companies that export. Examples include the war in the buyer’s country; cancellation of the contract by the government of the buyer’s country; or governmental regulations and restrictions imposed on currency transfer.

insurance products you may be interested in