Ukraine Fund
Based on the Resolution of the Government of the Czech Republic No. 525 of 12 July 2023 on capital strengthening of the Export Guarantee and Insurance Corporation, a.s. (EGAP) for the purpose of insurance of export credit risks to Ukraine and the subsequent instruction of the Ministry of Finance of the Czech Republic, as the sole shareholder of EGAP, it is again possible to provide insurance of the export of goods and services to Ukraine.
Acceptance of applications for insurance to Ukraine is open from 24 July 2023
An overview of the basic conditions of insurance under the Ukraine Fund:
Possible types of insurance according
to the General Insurance Conditions in force
|
|
Subject of export |
goods and services under the Export Contract
|
Maximum insurance value |
3 mil. EUR per foreign buyer/borrower
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Maximum insurance value |
length of risk up to 1 year
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Minimum collateral structure | due to the nature of the product (VPP B, Bf, V) without further assurance |
- positive experience with the exporter and importer;
- geographical aspect - the importer is located outside the war zone at the time of insurance, and the mode of transport is not affected;
- a standard deductible according to the insurance product, with the proviso that the insured bank will not have to share in the deductible amount for the Bf product and may pass this on to the exporter.
- evaluation of the current financial situation based on the financial statements for the last 3 years,
- granting of an acceptable internal rating and EGAP limit,
- verification of the existence of the importer and its location or operation outside the war zone.
The risk assessment will be abstracted from the actual territorial risk of Ukraine.
This offer does not constitute a promise to provide insurance. There is no legal right to export credit risk insurance.
Apply here:
Insurance of a Short Term Export Supplier Credit against the Risk of Non Payment
Insurance of a Short Term Export Supplier Credit Financed by a Bank against the Risk of Non Payment
Insurance Against the Risk of Inability to Fulfil an Export Contract