Export Credit Insurance: Who Qualifies and What You Get
Protect your business against non-payment by foreign buyers with this credit insurance scheme for exporters in Brazil.
Export Credit Insurance is a financial tool designed to protect businesses when selling goods or services to buyers in other countries. It helps shield exporters from the financial impact of non-payment.
Who it's for
This scheme is for exporters who face commercial risks, such as a buyer failing to pay, or political risks, such as changes in foreign government policies.
What you get
You receive coverage that protects your business if a foreign buyer fails to fulfill their payment obligations. This ensures that your business is not left with uncollectible debt due to external risks.
What it costs you
The cost of this protection is paid through premium payments. The exact amount you pay is determined by a risk assessment of your specific business transactions.
The catch to know
The most important rule is timing: you must have the insurance contracted before the export transaction takes place. You cannot apply for coverage after a payment has already been missed.
How to apply
- Assess the risks of your specific international sale.
- Contact the issuing agency to discuss your export needs.
- Undergo a risk assessment process.
- Finalize your contract and pay the required premiums.