Financial Facilities

Export Credit Insurance and Investment Insurance

EXIM Flexi is designed for experienced exporters who maintain good recordkeeping of customer payment history and wish to obtain an export insurance coverage which is flexible and in line with their specific needs while avoiding document preparation hurdles.
Features and Conditions
1. Any of the D/P, D/A and O/A payment terms are valid for coverage.
2. Insurance policy covers more than 150 countries around the world.
3. Coverage applies to all types of goods.
4. 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 : 90% of loss realized
Political Risks : 90% of loss realized
Fees
Credit Information Fee
2,000 baht/ buyer/ year
Premium Rate
starts from 0.2% of insured amount Pay yearly, half-yearly or quarterly in advance.
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 complete application for claim
Buyer refusal to take delivery of goods : within 30 days after the goods are put up for auctions
Political risks
within 120 days from the date 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 pays premium in accordance with the agreed terms and conditions.
4. Exporter submits export declaration report monthly or quarterly.
5. Exporter reports overseas payment delay immediately according to the Bank’s regulations.
6. Should payment default occur, exporter can apply for claim payment according to the Bank’s regulations.
Download Forms
Contact

Remark All documents require Acrobat Reader. To download, please click Acrobat