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 Deposit Insurance

Deposit insurance is a way to insure your advance payments. 

 

As a company, you often have to pay your domestic and foreign suppliers in advance for capital goods. 

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In the event that your supplier is unable to fulfill its obligations and return prepayments made prior to shipment of your order, prepayment deposit insurance will cover up to 90% of eligible financial losses.

Type of Risks Covered

  • Commercial risks:

    • Supplier insolvency.

    • Illegal termination of contract by supplier.

    • Legal termination of contract by customer.
       

  • Political or international trade risks: 

    • Currency conversion and transfer problems.

    • War and related disruptions.

    • Cancellation or expiration of required permits, licences or approvals.

    • Government declaration of suspension of payment of international debts.

Contact an Expert

For more information and to speak with one of our experts, contact us!

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