29.01.2010
Insurance cover in 2010

In 2010 EGAP returns to the insurance cover level as it had been before adoption of anti-crisis measures and, simultaneously, it starts to differentiate between coverage of commercial and political risks; in some cases it offers higher of insurance cover in comparison to the year 2008. It has as its aim to support sales of selected products. A summary of standard insurance cover levels is contained in the following chart.

INSURANCE of   2008     2009   2010
 commercial 
risks
2010
 political 
risks
Short Term Export Supplier Credit (B) 90% 95% 90% 90%
Short Term Export Supplier Credit Financed by a Bank (Bf) 90% 99% 95% 97,5%
Medium and Long Term Export Supplier Credit (C) 90% 95% 90% 90%
Medium and Long Term Export Supplier Credit Financed by a Bank (Cf) 90% 99% 95% 97,5%
Export Buyer Credit (D) 95% 99% 95% 97,5%
Confirmed Letter of Credit (E) 95% 99% 95% 95%
Credit for Pre Export Financing (F) 80% 80% 80% 80%
Investment of Czech Legal Persons in Foreign Countries (I) 90% 100% 97,5% 97,5%
Credit for the Financing of Investments of Czech Legal Persons in Foreign Countries (If) 97,5% 99% 97,5% 97,5%
Prospection of Foreign Markets (P) 80% 80% 80% 80%
Manufacturing risk (V) 85% 95% 85% 85%
Bank Guarantees (Z) - unfair calling 95% 100% 95% 95%
Bank Guarantees (Z) - fair calling - Bid Bond, Advance Payment Bond 90% 99% 90% 90%
Bank Guarantees (Z) - fair calling - Performance Bond 80% 80% 80% 80%
© EGAP  2017
Site Map