28.12.2010
Insurance cover in 2011

In 2011, the insurance cover returns to percentages effective in 2008. On the basis of consultations with the banking sector, the insurance cover of commercial and political risks is unified. The increased insurance cover continues for export supplier credits financed by banks and there is a newly introduced option of up to 100% insurance cover for pre-export financing of commercial development results of science and research for export purposes. An overview of standard insurance cover is shown in the following table.

Insurance
of a short-term export supplier credit (B) 90%
of a short-term export supplier credit financed by a bank (Bf) 95%
of a medium- and long-term export supplier (C) 90%
of a medium- and long-term export supplier credit financed by a bank (Cf) 95%
of an export buyer credit (D) 95%
of a confirmed Letter of Credit (E) 95%
of a credit for pre-export financing (F) 80%
of a credit for pre-export financing for commercial utilization of results of science and research for export purposes (Fv) 80-100%
of investments of Czech legal persons in foreign countries (I) 90%
of a credit for the financing of investments of Czech legal persons in foreign countries (If) 95%
of prospection of foreign markets (P) 80%
of manufacturing risk (V) 85%
of bank guarantees (Z) - unfair calling 95%
of bank guarantees (Z) - fair calling: for bid bonds and advance payment bonds 90%
of bank guarantees (Z) - fair calling: for performance bonds 80%
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