Use with Export Practice & Management Fifth Edition by Alan Branch ISBN 1–84480–081–4 © 2006 Alan Branch Chapter 11 Export credit insurance

Use with Export Practice & Management Fifth Edition by Alan Branch ISBN 1–84480–081–4 © 2006 Alan Branch Topics covered in this chapter Export credit insurance Short term export credit insurance Types of policy available

Use with Export Practice & Management Fifth Edition by Alan Branch ISBN 1–84480–081–4 © 2006 Alan Branch Export credit insurance A key area for exporters to understand – credit insurance to provide cover for exporters against non payment. Focus on credit insurance strategy. Examine the commercial and political risk. Note particularly the rationale behind export credit insurance. Evaluate limits of indemnity, recoveries and subrogation, providers of export credit insurance and policy conditions.

Use with Export Practice & Management Fifth Edition by Alan Branch ISBN 1–84480–081–4 © 2006 Alan Branch Short term export credit insurance Note the three areas examined and the range of service provided by a major company Euler Hermes. Types of policy available Note the range of policies examined. Conclusion Credit insurance is an area exporters sometimes fail to include in their export strategy plan. Hence the need to focus on the contents of this chapter.

Use with Export Practice & Management Fifth Edition by Alan Branch ISBN 1–84480–081–4 © 2006 Alan Branch Key concepts Ensure you understand the following: Export credit insurance – the benefits to compensate for payment default. Short tern export credit insurance concepts and range of services available. Types of policy and their features.