{"id":1845,"date":"2016-07-06T23:35:18","date_gmt":"2016-07-06T21:35:18","guid":{"rendered":"http:\/\/www.eximbank.ro\/en\/?p=1845"},"modified":"2024-03-01T14:43:00","modified_gmt":"2024-03-01T12:43:00","slug":"insurance-policy-covering-the-risk-of-foreign-payments-for-non-market-risks","status":"publish","type":"post","link":"https:\/\/www.eximbank.ro\/en\/2016\/07\/06\/insurance-policy-covering-the-risk-of-foreign-payments-for-non-market-risks\/","title":{"rendered":"Insurance policy for non-marketable risks (short term, 2 years)"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-9294\" src=\"\/wp-content\/uploads\/2016\/07\/vizual8.jpg\" alt=\"\" width=\"776\" height=\"160\" srcset=\"\/wp-content\/uploads\/2016\/07\/vizual8.jpg 776w, \/wp-content\/uploads\/2016\/07\/vizual8-300x62.jpg 300w, \/wp-content\/uploads\/2016\/07\/vizual8-768x158.jpg 768w\" sizes=\"auto, (max-width: 776px) 100vw, 776px\" \/><\/p>\n<p style=\"text-align: justify;\"><strong>The policy assure the collection of up to 85% of the export value in countries with payment default risks, irrespective of the evolution of the financial condition of the external buyer and the evolution of the commercial, political and force majeure risks in its country.<\/strong><\/p>\n<p><strong>Characteristics<\/strong><\/p>\n<ul>\n<li>insurance period: shorter than 2 years, with renewal option;<\/li>\n<li>currency: RON or foreign currency, according to the export contract.<\/li>\n<\/ul>\n<p><strong>Insured risks<\/strong><\/p>\n<p>Commercial risks:<\/p>\n<ul>\n<li>arbitrary termination of a contract by a private debtor, respectively any arbitrary decision to interrupt or suspend the contract;<\/li>\n<li>insolvency of the private debtor or of its guarantor;<\/li>\n<li>extended payment default by a private debtor and by its guarantor of a debt;<\/li>\n<\/ul>\n<p>Political risks:<\/p>\n<ul>\n<li>the risk that a public debtor does not pay in time;<\/li>\n<li>the risk that a public debtor or a country prevents the achievement of an export transaction;<\/li>\n<li>risks exceeding the will of individual buyers or which are not the responsibility of individual buyers;<\/li>\n<li>the risk that a country does not transfer or does not allow the transfer in the insured\u2019s country of the amounts paid by the debtors located in that country;<\/li>\n<li>the risk of a force majeure case occurrence outside the insured\u2019s country, which could include events such as wars, to the extent they are not insured in another way.<\/li>\n<\/ul>\n<p><strong>Beneficiaries<\/strong><\/p>\n<ul>\n<li>Romanian exporters which do not benefit of mitigated payment terms.<\/li>\n<\/ul>\n<p><strong>Advantages<\/strong><\/p>\n<ul>\n<li>the policy covers the risks which cannot be taken over by re-insurance,<\/li>\n<li>no guarantees are required to issue the policy,<\/li>\n<li>it can be used as collateral to finance exports contract execution,<\/li>\n<li>allows the access of Romanian exporters to high risk markets.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.eximbank.ro\/wp-content\/uploads\/2016\/07\/F12-XI-ASR-CS-Polita-si-Conditii-Generale_PC.pdf\" target=\"_blank\" rel=\"noopener\">The insurance policy and general conditions<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The policy assure the collection of up to 85% of the export value in countries with payment default risks, irrespective of the evolution of the financial condition of the external buyer and the evolution of the commercial, political and force majeure risks in its country. Characteristics insurance period: shorter than 2 years, with renewal option; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[88],"tags":[],"class_list":["post-1845","post","type-post","status-publish","format-standard","hentry","category-asigurare-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Insurance policy for non-marketable risks (short term, 2 years) - Exim - Banca Romaneasca<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.eximbank.ro\/en\/2016\/07\/06\/insurance-policy-covering-the-risk-of-foreign-payments-for-non-market-risks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Insurance policy for non-marketable risks (short term, 2 years) - Exim - Banca Romaneasca\" \/>\n<meta property=\"og:description\" content=\"The policy assure the collection of up to 85% of the export value in countries with payment default risks, irrespective of the evolution of the financial condition of the external buyer and the evolution of the commercial, political and force majeure risks in its country. 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