EXIM Thailand Launches “CLM Trade Insurance” to Provide Risk Coverage to Thai Exporters in Cambodia, Lao PDR and Myanmar

Announcement date 30 May 2018
EXIM Thailand Launches “CLM Trade Insurance” to Provide Risk Coverage to Thai Exporters in Cambodia, Lao PDR and Myanmar
Mr. Pisit Serewiwattana, President of Export-Import Bank of Thailand (EXIM Thailand), announced the launch of CLM Trade Insurance to help Thai SME exporters hedge risk of non-payment by buyers in CLM (Cambodia, Lao PDR and Myanmar) by offering insurance coverage for export worth up to 1 million baht per transaction under payment term of not exceeding 90 days at EXIM Thailand’s Head Office on May 30, 2018. A distinctive feature of CLM Trade Insurance facility is Thai SME exporters can take the protection type of their choice at the expense pre-determined by them with insurance premium starting from 3,300 baht per insurance policy and maximum coverage of 90% of loss amount. Interested persons may apply online via www.exim.go.th.
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