EXIM Sure under D/P, D/A and O/A Payment

EXIM SURE is an insurance service suitable for exporters wishing EXIM Thailand to oversee each export shipment and monitor overdue payment closely. Compensation will be paid in case of loss arising from commercial and political risks.
  1. Any of the D/P, D/A and O/A payment terms are valid for coverage.
  2. Terms of payment must not exceed 180 days after shipment date.
  3. Insurance policy covers more than 150 countries around the world.
  4. Coverage applies to all types of goods.
  5. Protection starts immediately after first premium payment.
Commercial Risks
  • Buyer insolvency/ bankruptcy
  • Buyer refusal to pay
  • Buyer refusal to take delivery of goods
Political Risks
  • Remittance of hard currency restricted or prohibited by authorities
  • New regulations prohibiting importation
  • Occurrence of war, riot, revolution or coup d’etat that obstructs payment
  • Commercial Risks : 85% of loss realized
  • Political Risks : 90% of loss realized
Credit Information Fee
  • 2,000 baht/ buyer/ year
Premium Rate
  • D/P, D/A : starts from 0.330% of insured amount
  • O/A : starts from 0.472% of insured amount (Minimum premium per transaction is 300 baht.)
Commercial risks
  • Buyer insolvency/ bankruptcy : immediately upon receipt of evidence
  • Buyer refusal to pay : within 120 days from the date of submitting the complete application for claim
  • Buyer refusal to take delivery of goods : within 30 days from the day the policy holder sells exported goods to another buyer or auctions them
Political risks
  • Within 120 days from the day of submitting the complete application for claim

Service

Fee

Contact for service at

EXIM Thailand’s Head Office
Insurance Business Promotion Development Department
Tel. 0 2617 2111 ext. 3935-3942