Export Credit Insurance and Guarantees
As a result of the recent global economic crisis, many exporters and bankers have found themselves seeking state support for their international transactions. Such support exists in the form of export credit insurance and guarantees provided by national export credit agencies (ECAs) to support national exports. However, this is a complicated business, with complex terms and a great many issues that must be resolved in order to satisfy ECA requirements.
This is the first practitioner handbook written on export credit insurance and guarantees, providing manufacturers, exporters, bankers, and lawyers with a unique and much needed resource. It covers all the key issues involved in successfully structuring an export transaction and selecting the appropriate type of ECA cover for each individual transaction. It provides comprehensive coverage of the key types of export credit insurance and guarantees used in international trade, with explanations about the risks covered by each, premiums, application procedures, claims and recoveries, as well as analysis of the international regulations governing this type of business and other aspects of obtaining policies and guarantees from ECAs. By learning and understanding the various types of cover and their specific variations, the reader will be able to select the most appropriate type of cover for each specific transaction and structure the transaction in such a way as to be eligible to obtain ECA cover.