Eligible policy holder must be exporter having export values more than 200 million Baht but not exceeding 500 million Baht per year.

1. Eligible policy holder must be exporter having export values more than 200 million Baht but not exceeding 500 million Baht per year.
2. Coverage is available for D/P, D/A and O/A payment terms following the insurance conditions for each country. (Insurance covers more than 138 countries around the world.)
3. Coverage applies to all types of goods except illegal items.
4. Terms of payment must not exceed 120 days after shipment date.
5. Coverage starts immediately upon receiving 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 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

Rate of Indemnity

• Commercial Risks: 90% of loss realized
• Political Risks: 90% of loss realized

Maximum Liability (ML)

Depends on the insured amount, as stated in below table;

Insured Amount	Maximun Liabilities (MB)
	General Industries	Jewelry Industries
over 100 Million Baht but not exceeding 200 Million Baht	40.0	20.0
over 200 Million Baht but not exceeding 300 Million Baht	60.0	30.0
over 300 Million Baht but not exceeding 500 Million Baht	80.0	50.0

Buyer’s Credit Information Fee

• 2,000 baht/ buyer/ year

***Promotion of Year 2020
1. Discount Buyer's Credit Information Fee from 2,000 baht to 1,000 baht before 31 December 2020
2. Free 5 buyers for Buyer's Credit Information Fee if the policy can be issued before 30 June 2020

Premium Rate

Depends on the insured amount, as stated in below table;

Insured Amount	Premium Rate
over 100 Million Baht but not exceeding 200 Million Baht	Start 0.35%
over 200 Million Baht but not exceeding 300 Million Baht	Start 0.28%
over 300 Million Baht but not exceeding 500 Million Baht	Start 0.23%

*the policy can be paid in advance on a quarterly, half-yearly or yearly basis.

Insured Amount	**Special Condition No Claim Bonus
over 100 Million Baht but not exceeding 200 Million Baht	5%
over 200 Million Baht but not exceeding 300 Million Baht	10%
over 300 Million Baht but not exceeding 500 Million Baht	10%

Remark :    ** Subject to no claim and policy renewal with EXIM.

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 for 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 makes premium payment at an agreed rate.
4. Exporter makes monthly export declaration.
5. Exporter is requested to notice the Bank immediately, should any irregularities arise within 60 days.
6. Should payment default occur, exporter can apply for claim payment according to the policy condition.