Insurance To Protect Exporters from Political or Commercial Risks

The Medium Term Insurance Credit Program protects exporters for sales terms of one to five years. Protection is offered against loss resulting from the default of a foreign debtor for political or commercial reasons. Covered goods include, but are not limited to, vehicles, machinery, commercial equipment, project related services and breeding cattle. Coverage is provided at 100% to cover political and commercial risk. Two types of policies are offered: A Single Sales Policy for one-time transactions and a Repeat Sales Policy for an exporter with an on-going relationship with the purchaser. 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/insmtsb.html}.