Short-term export credit insurance

The credit insurance entails 4 main forces:

• The risk prevention, enables you to set up business relations with solvent clients only
• The regular monitoring of your insured clients keeps you informed about their payment experience and allows a better protection against payment defaults
• The recovery of your invoices is guaranteed by a network of local correspondents
• The compensation of the losses incurred due to your client’s payment default

The insurance covers the risks of insolvency or payment default of your client as well as the political risks such as the risk of currency transfer, war, revolutions, natural disasters and risk of expropriation or government action.

The Office du Ducroire may cover the risks arising before the delivery of the goods or service provided, also called « risk of cancellation », as the risk arising after the delivery of the goods or service provided, also called « non-payment risk ».

For each exporter, a framework agreement is established, defining the scope of the insured contracts, the applicable premium rates as well as the general insurance conditions.