Export Credit: Who Qualifies and What You Get
Learn how this government-backed insurance helps exporters manage payment risks when selling goods or services overseas.
Export Credit provides insurance to protect businesses when they sell goods or services to international buyers.
Who it's for
This scheme is designed for exporters who face risks regarding whether their overseas customers will pay for their orders on time.
What you get
You receive government-backed trade credit insurance. This provides a safety net to help protect your business if a buyer fails to meet their payment obligations.
What it costs you
To use this scheme, you must pay premium payments. The amount you pay is determined by the specific risk profile of the export deal you are undertaking.
The catch to know
The insurance only covers commercial and political risks. It does not cover losses caused by a performance failure, such as if you fail to deliver the goods or services as promised.
How to apply
- Review your international sales and identify which deals carry the most risk.
- Visit the official website to understand the specific terms of coverage.
- Submit an application through the official portal.