Contract policies These policies cover the export of capital goods or services on credit terms of more than two years and include the interest element. They insure against failure to receive payment under an insured contract or an insured debt due to either political or commercial causes. Policies are available on either a Buyer Credit or Supplier Credit basis. Where a bank or similar financial institution is financing the contract, then cover is available against non payment of the loan plus interest by the borrower. There are two basic types of cover;
- Contractor�s cover is tailored to insure the exporter of capital goods and services against pre and post delivery political and commercial payment risks.
- Financial Credit cover is offered to banks or similar financial institutions that provide loans or extended repayment terms to foreign buyers of Zimbabwean capital goods or services
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