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 credit and/or political risks for one export transaction to a specific importer. The policy covers the default of payment of a public buyer or political risks only for a specific export transaction concluded with a State/Government owned company.
The policy tenor is related to the transaction itself and expires upon final settlement of all dues. Upon occurrence of a covered risk, compensation of up to 90% of the incurred loss is paid to the insured exporter.
The exporter submits the request for quotation form to Dhaman
Dhaman provides the exporter with an indication detailing the scope of cover and the pricing
Acceptance of quotation /contract signature/premium payment
Declaration of shipments to the approved buyer within 10 days
Declaration of default of payment/Compensation disbursement/Collection from the defaulting obligor
Sara S. Alrifaee Head of Short-term Export Credit Insurance