Insurance Coverage For Overseas Contractors and Exporters

This program protects against the wrongful calling of bid performance, advance payment guaranties, custom bonds and other guaranties. Coverage is provided against the loss of physical assets and bank accounts due to confiscation or political violence, and inconvertibility of proceeds from the sale of equipment used. This program offers coverage to companies and investors that are acting as contractors pursuant to international construction, sale, or service contracts. It also includes companies that are exporters of heavy machinery, turbines, computers, medical equipment, and other goods. Contact OPIC, Vice President, Finance Dept., 1100 New York Ave., N.W., Washington, DC 20527; 202-336-8400; Fax: 202-408-9866; {}; {}.

Leave a Reply

Your email address will not be published. Required fields are marked *