Financial Facilities

Export Credit Insurance and Investment Insurance

EXIM 4 SMEs is an export credit insurance service aiming to protect SME exporters against non-payment risks. This facility is suitable for exporters with annual export values not exceeding 200 million baht. Key service features include lower premium rate, fast approval process and up to 90% coverage against loss.
Features and Conditions
1. Eligible policy holder must be SME exporter having export values not exceeding 200 million baht per year.
2. Coverage is available for D/P, D/A and O/A payment terms. (Insurance covers more than 135 countries around the world.)
3. Coverage applies to all types of goods exported from Thailand except illegal or perishable items.
4. Terms of payment must not exceed 90 days after shipment date.
5. Coverage starts immediately upon receiving 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 regulation prohibiting importation or terminating buyer’s import rights
Occurrence of war, riot, revolution or coup d’état that obstructs payment
Exclusion:Direct or indirect damage caused by
1. A nuclear war or radioactive war; or
2. A war occurring between any two or more of the following countries : France, People’s Republic of China, Russian
    Federation, United Kingdom, and United States of America
Coverage
Rate of Indemnity
Commercial Risks: 90% of loss realized
Political Risks: 90% of loss realized
Maximum Liability (ML)
Depends on the insured amount, as stated in below table;
Insured Amount Maximum Liability* (ML)
over 100 Million Baht but not exceeding
200 Million Baht
40 Million Baht
over 50 Million Baht but not exceeding
100 Million Baht
15 Million Baht
not exceeding 50 Million Baht
8 Million Baht
*EXIM Thailand reserves the right to decrease the Maximum Liability (ML) in some industries.
Fees
Buyer’s Credit Information Fee
1,000 baht/ buyer/ year
Premium Rate
Depends on the insured amount, as stated in below table;
Insured Amount Premium Rate
over 100 Million Baht but not exceeding
200 Million Baht
start from 0.35% of insured amount
over 50 Million Baht but not exceeding
100 Million Baht
start from 0.38% of insured amount
not exceeding 50 Million Baht
start from 0.44% of insured amount
*Minimum Premium is 10,000 baht and must be paid in advance on a quarterly, half-yearly or yearly basis.
Time Frame for Claim Payment
Commercial risks
Buyer insolvency/bankruptcy: immediately upon receipt of evidence
Buyer refusal to pay: within 120 days from the day of submitting the complete application for claim
Buyer refusal to take delivery of goods: within 30 days from the date the policyholder has sold the exported goods to another buyer or auctioned them
Political risks
Within 120 days from the day of submitting the complete application for claim
How to apply
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 makes premium payment at an agreed rate.
4. Exporter makes monthly export declaration.
5. Exporter is requested to notice the Bank immediately, should any irregularities arise within 60 days.
6. Should payment default occur, exporter can apply for claim payment according to the policy condition.
Download Forms
Contact
Export Credit Insurance Department Tel. 0 2617 2111 ext. 1733-9
All Branches and Sub-branches of EXIM Thailand

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