F Insurance of a Credit for Pre Export Financing of Production for Export Short description of insurance product and contacts

I. Short description of insurance product and its basic viewpoints

Pre-export financing the production for export (pre-export credit) is a credit provided by the bank to the exporter (or producer) for financing the production for export and in case of positive experience with a certain exporter also for financing investment into production for export.

The Insured is the bank and the insurance may be agreed only in connection with insurance of any type of export credits, e.g. for sufficient reinsurance of payments of export claims.

The maturity term of the export credit has influence on the amount up to which the pre-export credit may be insured. If the maturity of the export credit is maximally 2 years, the pre-export credit may be insured up to the amount of 85 % of export value and if the maturity is longer, up to the amount of 75 % of export value. The pre-export credit for investments into the export production may be provided only if at least 75 % of production is determined for export and repayment of at least 75 % of pre-export credit is assured contractually.

The subject of insurance of Export Guarantee and Insurance Corporation a.s. (EGAP) are claims of the insured towards the debtor following from the pre-export credit for the payment of principal, credit interests for each credit period and fees following from the credit contract.

The insured event is a partial or complete non-payment of the credit due to exporter's incapability to perform the export contract or producer´s incapability to produce the goods or to provide the services for export.

The premium amount depends on the amount and the term of the provided pre-export credit, exporter's risk rating and deductible amount.

The preliminary premium calculation is available through interactive calculator.

Petr Martásek, Director of Pre-export, Investment and Bond Insurance Department
phone:+420 222 842 340
fax:+420 222 844 130
e-mail:martasek@egap.cz

Eva Minaříková, Head of Sub-Department for Insurance of Pre-Export Credits and Guarantees
phone:+420 222 842 345
fax:+420 222 844 130
e-mail:minarikova@egap.cz

Michal Pravda, Head of Sub-Department for Insurance of Investments Abroad
phone:+420 222 842 348
fax:+420 222 844 130
e-mail:pravda@egap.cz

© EGAP  2017
Site Map