Insurance To Protect Letters of Credit for Exporters

This program protects banks against loss of irrevocable letters of credit insured by foreign banks to support U.S. exports. Coverage is offered against the failure of an overseas financial institution to make payments or reimburse the insured bank. Rules prohibit publication of premiums. Contact Ex-Im Business Development for rates. 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; {}; {}.

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