Insurance coverage for exporters losses stemming from the fulfillment of export contracts.

Insurance coverage for exporters losses stemming from the fulfillment of export contracts.

Thus in case the overseas contractor refuses to execute the export contract which has been concluded, Eximgarant of Belarus pays out an insurance compensation covering costs incurred by your enterprise to carry out its obligations under this export contract.

This insurance product offers a comprehensive solution for the insurance protection of your foreign trade activities.

The procedure of interaction:

2. Conclusion of an insurance contract;

3.  A foreign buyer’s breach of its obligations under an export contract

4.  Рayment of the insurance compensation, transfer of the right of claim to Eximgarant of Belarus;

5.  Submitting a claim against the foreign buyer.

The list of documents required for the conclusion of an insurance contract:

·   Application for insurance contract conclusion;

·   Insured’s title documents

·   Export contract;

·   Cost calculation;

·    Foreign buyer’s title and financial documents.

Procedure for the Insured to follow upon the occurrence of an accident that may constitute an insured loss under the terms and conditions of the insurance policy

Upon the occurrence of an insured accident, the policyholder is obligated to submit the following documents no later than 30 calendar days from the end of the waiting period:

1.  Insurance claim statement;

2.  Original insurance policy

3.  Documents proving the occurrence of the insured accident and the amount of the loss.

For inquiries regarding this type of insurance coverage, please contact the Export Risk Insurance Department by phone/fax in Minsk at +375 (17) 371-00-65.