The Export-Import Bank of Thailand has introduced new medium- and long-term export insurance covering risks for transactions over 180 days.
The two types of cover, to be launched next month, are:
a suppliers' credit insurance policy for exporters against non-payment by overseas buyers. Coverage includes losses related to costs and expenses in the pre-shipment period and receivables due from the overseas buyer in the post-shipment period. Clients can choose the coverage period and risk category to insure.
The second product is buyer's credit insurance, covering default risk in lending to buyers abroad. It covers non-payment risks from drawdown through repayment.
Source: Bangkok Post
