Unistrat Coface covers importers trade risks :
- Prefinancing
- Tolling Contracts (transformed products)
- Barter
Unistrat Coface covers risk on public and private buyers :
Non-delivery of products or services risk : It protects against the non-reimbursement of advance payments in case of non-delivery due to an event or a political decision or due to the supplier’s payment default or bankruptcy.
COVER TERMS :
POLICY PERIOD => up to 5 years
INSURED PERCENTAGE => 90% (average)
WAITING PERIOD => 6 to 12 months
INSURED PERCENTAGE => 90% (average)
WAITING PERIOD => 6 to 12 months
1) textile manufacturer buys cotton from a foreign supplier. The supplier demands 40% down-payment before harvesting the cotton. At the end of the harvest, the supplier does not deliver the cotton and nor repay the down-payment.
The insured can obtain compensation for the non-repayment of the down-payment from Unistrat Coface.
2) A company imports wheat. The wheat supplier demands 30% down-payment. The government of the supplier’s country cancels export licences for grain because of a grain shortage.
The insured can obtain compensation from Unistrat Coface for the loss.
