Protects investors, lenders and contractors against political risks that may occur in Arab countries hosting their investments or projects
Protects exporters against the risk of default of payment of an importer/a local buyer/a payment obligor due to credit or political risk occurrence
Protects Financial Institutions’ project/trade finance transactions with Arab countries against credit and political risks
Offering additional underwriting capacities to Export Credit Agencies and insurance companies by re-insuring or co-insuring credit and political risks
The policy covers any failure or refusal of the Issuing Bank to honor its obligation of payment to the Insured on the original due date as a result of the occurrence of a Covered credit and/or political risks.
Dhaman compensates the insured exporter against realized risks up to 100% of the L/C value.
The exporter submits the application for ULC insurance
Dhaman provides the exporter with an indication detailing the scope of cover and the pricing
Acceptance of quotation /policy signature/premium payment
Declaration of shipments made under the Insured Letter of Credit within 7 days
Declaration of default of payment/Compensation disbursement/Collection from the defaulting Bank
Sara S. Alrifaee Head of Short-term Export Credit Insurance