Financial Facilities

Export Credit Insurance and Investment Insurance

EXIM SURE under D/P, D/A and O/A payment

Features and Conditions
1. Any of the D/P, D/A and O/A payment terms are valid for coverage.
2. Terms of payment must not exceed 180 days after shipment date.
3. Insurance policy covers more than 150 countries around the world.
4. Coverage applies to all types of goods.
5. Protection starts immediately after first premium payment.
Scope of Coverage
Commercial Risks
Buyer insolvency/ bankruptcy
Buyer refusal to pay
Buyer refusal to take delivery of goods
Political Risks
Remittance of hard currency restricted or prohibited by authorities
New regulations prohibiting importation
Occurrence of war, riot, revolution or coup d’etat that obstructs payment
Rate of Indemnity
Commercial Risks : 85% of loss realized
Political Risks : 90% of loss realized
Fees
Credit Information Fee
2,000 baht/ buyer/ year
Premium Rate
D/P, D/A : starts from 0.330% of insured amount
O/A : starts from 0.472% of insured amount (Minimum premium per transaction is 300 baht.)
Time Frame for Claim Payment
Commercial risks
Buyer insolvency/ bankruptcy : immediately upon receipt of evidence
Buyer refusal to pay : within 120 days from the date of submitting the complete application for claim
Buyer refusal to take delivery of goods : within 30 days from the day the policy holder sells exported goods to another buyer or auctions them
Political risks
Within 120 days from the day of submitting the complete application for claim
Service
1. Exporter applies for the service at EXIM Thailand and pays buyer’s credit information fee.
2. EXIM Thailand approves Export Credit Insurance policy and credit limit for each buyer.
3. Exporter submits export declaration and makes premium payment each time an export transaction to insured buyers is
    executed.
4. Exporter monitors buyer’s payment records closely. Notice the Bank immediately, should any irregularities arise.
5. Should payment default occur, exporter can apply for claim payment according to the Bank’s regulations.
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