Exim Flexi

EXIM Flexi is designed for experienced exporters who maintain good recordkeeping of customer payment history and wish to obtain an export insurance coverage which is flexible and in line with their specific needs while avoiding document preparation hurdles.
  1. Any of the D/P, D/A and O/A payment terms are valid for coverage.
  2. Insurance policy covers more than 150 countries around the world.
  3. Coverage applies to all types of goods.
  4. 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 : 90% of loss realized
  • Political Risks : 90% of loss realized
Credit Information Fee
  • 2,000 baht/ buyer/ year
Premium Rate
  • starts from 0.2% of insured amount Pay yearly, half-yearly or quarterly in advance.
Commercial risks
  • Buyer insolvency/ bankruptcy : immediately upon receipt of evidence
  • Buyer refusal to pay : within 120 days from the date of submitting complete application for claim
  • Buyer refusal to take delivery of goods : within 30 days after the goods are put up for auctions
Political risks
  • 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’s credit information fee.
  2. EXIM Thailand approves Export Credit Insurance policy and credit limit for each buyer.
  3. Exporter pays premium in accordance with the agreed terms and conditions.
  4. Exporter submits export declaration report monthly or quarterly.
  5. Exporter reports overseas payment delay immediately according to the Bank’s regulations.
  6. Should payment default occur, exporter can apply for claim payment according to the Bank’s regulations.

Service

Fee

Contact for service at

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