Bf Insurance of a Short Term Export Supplier Credit Financed by a Bank against the Risk of Non Payment Annex No. 1 – Basic terms and conditions - insurance of short-tail export supplier's credit – “Bf”

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Annex No. 1
to the application for insurance of a Short Term Export Supplier
Credit Financed by a Bank against the Risk of Non Payment – Bf

Schedule of supply invoicing and repayment of the supplier's
credit by the importer

  • The share of value of supplies with the origin in the Czech Republic in the export value exceeds 50 %,
  • trouble-free credit history1 of subjects2,
  • The subject2 has existed and executed the activity being the subject of export minimally for 2 years before submitting the application for insurance of short- term export supplier's credit against the risk of non-payment or its activity follows up its legal predecessor's activity, carried out minimally for 2 years before submitting the application for insurance of short term export supplier's credit financed by a bank.

1 The trouble-free credit history shall be interpreted as absence of record on default payment for the subject (exporter, importer, guarantor) in the Central Credit Register maintained by the ČNB or another similar credit register or register of information in the term of minimally last 5 years.

2 persons participating in the export - bank (except for a bank with registered office in the CR – as per the Bank Act No. 21/1992 Coll.), importer or guarantor and exporter

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