What Risks are covered in the policy?

Covered:

  • Protracted Default or Delayed Payment by the debtors.
  • Insolvency

Not covered:

  • Trade disputes.
  • Non-Acceptance of goods.

Political Risks - 

Covered:

  • Natural disasters like earthquakes, cyclones, floods, etc.
  • Import license cancellation.
  • Protracted Default on State-Owned Entities.
  • Any measure was taken by the country where the buyer is located, preventing payment of a transaction.

Not covered:

  • Devaluation or depreciation of currencies.
  • Protracted Default or Delayed Payment by the debtors.
  • Insolvency.
  • Trade disputes.
  • Non-Acceptance of goods.