1. Coverage is valid for Irrevocable L/C payment term. (Insurance policy covers more than 200 countries around the world.)
2. Terms of payment must not exceed 180 days after shipment date.
3. Coverage applies to all types of goods.
4. Protection starts immediately after first premium payment.

• Issuing bank insolvency/ bankruptcy
• Issuing bank refusal to pay despite clean documentation.

• Remittance of hard currency restricted or prohibited by authorities
• New regulation 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

3,000 baht/ issuing bank/ year (Minimum premium per transaction is 1,000 baht.)

• Issuing bank insolvency/ bankruptcy: immediately upon receipt of evidence
• Issuing bank refusal to pay : within 120 days from the date of submitting the complete application for claim

• within 120 days from the date of submitting the complete application for claim

1. Exporter applies for the service at EXIM Thailand and pays buyer bank’s credit information fee.
2. EXIM Thailand approves Export Credit Insurance policy and L/C issuing bank’s credit limit.
3. Exporter submits export declaration report and makes premium payment each time an export transaction with L/C to insured banks is executed.
4. Exporter monitors buyer’s payment records closely. Notice the Bank immediately, should any irregularities arise.
5. Should payment default occur, exporter can apply for claim payment according to the Bank’s regulations.