EXIM for Small Biz is an export credit insurance service aiming to protect SME exporters against non-payment risks. This facility is suitable for exporters with annual export values not exceeding 100 million baht. Approved CL up to 10 buyers per policy and premium starts at 600 baht with coverage at 100,000 baht per buyer.

1. Eligible policy holder must be SME exporters having export values not exceeding 100 million baht per year
2. Eligible policy holder must be Thai juristic person who not have other export credit insurance policies with EXIM
3. Coverage is available for D/P, D/A and O/A payment terms. Insurance covers more than 138 countries around the world (approved under EXIM country conditions)
4. Coverage applies to all types of goods exported from Thailand except illegal items
5. Terms of payment must not exceed 180 days after shipment date.

Commercial Risks

• Buyer insolvency/bankruptcy
• Buyer refusal to pay

Political Risks

• Remittance of hard currency restricted or prohibited by authorities
• New regulation prohibiting importation or terminating buyer’s import rights
• Occurrence of war, riot, revolution or coup d’état that obstructs payment

Exclusion: Direct or indirect damage caused by

1. A nuclear war or radioactive war; or
2. A war occurring between any two or more of the following countries : France, People’s Republic of China, Russian Federation, United Kingdom, and United States of America

70% of loss realized                                                            

Maximum Liability (ML)*	Term of Payment	Credit Limit per Buyer (Baht)	Premium per Buyer (Baht)
2,000,000 baht per policy	Non L/C not exceed 90 days after shipment date	100,000	600
		300,000	1,800
		500,000	3,000
		800,000	6,400
		1,000,000	8,000
	Non L/C not exeed 180 days after shipment date	100,000	1,000
		300,000	3,000
		500,000	5,000
		800,000	9,600
		1,000,000	12,000

Note : *  Approved CL up to 10 buyers per policy and Maximum Liability (ML) 3 MB per policy for company group
 

Commercial risks

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

Political risks

• Within 120 days from the day of submitting the complete application for claim

1. Click "apply for EXIM for Small Biz" and fill the information
2. After submiting the application via online. EXIM will contact you as soon as possible
3. Exporter makes premium payment at an agreed rate