Protect yourself against the risk of non-payment by your overseas buyer due to defined commercial or political events.
Cover includes laws, wars, strikes and political disturbances which obstruct the importation of goods into a foreign country from Zimbabwe. Boycotts, sanctions and terrorist activities which have these effects also fall under this risk category.
The main risks covered are Insolvency of the Buyer, Protracted Default (failure to pay an undisputed insured debt within a certain time after due date) and Repudiation (unjustified failure to or refusal to accept delivery of goods)
There are four basic types of cover: