Short Term Insurance To Cover Political And Commercial Risks for Small Business Exporters

This program targets new exporters and helps small businesses remain in compliance with the SBA requirements to expand sales. The program provides comprehensive credit risk coverage on the short-term sale of goods to many buyers. Short-term is defined as less than one year. Coverage is provided at 100% of the value for political risk (war, revolution, currency inconvertibility, etc.), or 90% of the covered value for commercial risk (currency devaluation). Premiums vary with the terms of the sale. Contact Export-Import Bank of the United States (EXIM), Wayne Gardella, Manager, 811 Vermont Ave., N.W., Washington, DC 20571; 800-565-3976 x3787; Fax: 202-565-3380; {bdd@exim.gov}; {http://www.exim.gov/insmb.html}.

Leave a Reply

Your email address will not be published.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