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.
