Export Credit Insurance of Leasing Organizations Purchasing the Goods to Lease them to Non-Resident Organizations

Eximgarant of Belarus provides an insurance product aimed at economic protection of the lessor in implementing export transactions  –  voluntary export credit insurance of leasing organizations purchasing the goods to lease them to non-resident organizations.

Insurance covers losses incurred by the lessor (resident of the Republic of Belarus) in case the lessee’s (non-resident of the Republic of Belarus) non-performance of their obligations to make the lease payments under the circumstances of political or commercial risk.

We are willing to cooperate with all Belarusian leasing companies, and we offer an up-to-date, reliable and flexible insurance product aiming to serve as a trustworthy instrument to do business in foreign markets. We assist the lessor in conducting negotiations, signing contracts, analyzing the lessee’s solvency, as well as arranging the financing of a deal. Eximgarant of Belarus offers flexible insurance tariffs and convenient modes of insurance premiums.

The cooperation with Eximgarant of Belarus not only enables the lessor to receive lease payments and currency receipts in due course, but it also gives an opportunity to collect the complete and reliable information on their counterparty.

Procedure of interaction:

Documents required for the conclusion of an insurance policy:

1.      Application for Insurance Policy;

2.      The Insured’s title documents;

3.      International leasing contract;

4.      Foreign lessee’s title and financial documents.

Procedure for the Insured to follow upon the occurrence of an accident that may constitute an insurable event under the terms of insurance policy:

Following upon the occurrence of an insurable event, the Insured is obliged to submit the following documents (no later than 30 calendar days from the end of the waiting period):

1.     Insurance policy;

2.     International leasing contract and contracts concluded in frameworks of ensuring the fulfilment of obligations under the international leasing contract;

3.    Documents related to the execution of a deal;

4.    Documents confirming the occurrence of an insurable event and the amount of damage caused;

5.    Documents confirming actions taken to reduce potential losses;

6.     In case of the lessee’s bankruptcy – a copy of the ordinance initiating bankruptcy proceedings;

7.    Other documents required to decide on insurance indemnity.

For inquiries regarding this line of business, contact the Export Credit Insurance Department or any Eximgarant of Belarus’s branch:Tel/Fax: +375 (17) 371-00-65.