Exim Flexi

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.

Any of the D/P, D/A and O/A payment terms are valid for coverage.
Insurance policy covers more than 150 countries around the world.
Coverage applies to all types of goods.
Protection starts immediately after first premium payment.

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

Commercial Risks : 90% of loss realized
Political Risks : 90% of loss realized

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.

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

Exporter applies for the service at EXIM Thailand and pays buyer’s credit information fee.
EXIM Thailand approves Export Credit Insurance policy and credit limit for each buyer.
Exporter pays premium in accordance with the agreed terms and conditions.
Exporter submits export declaration report monthly or quarterly.
Exporter reports overseas payment delay immediately according to the Bank’s regulations.
Should payment default occur, exporter can apply for claim payment according to the Bank’s regulations.

Item / Title	File type
Application-Form-(ENG-VERSION).pdf
Buyer’s-Credit-Limit-Request-Form.pdf
Buyer’s-Credit-Limit-Term-of-Payment-Alternation-Request-Form.pdf