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- W942022221 abstract "Most large industrial countries have specialist institutions set up to provide exporters with insurance cover against a variety of risks encountered when dealing with overseas buyers. The large institutions of this kind are mainly government-controlled or are joint ventures between banks, insurance companies and governments. Institutions share one main aim and that is to promote exports from their own countries while, at the same time, protecting exporters against: commercial risks, sovereign risks, and exchange risks. Banks influence in deciding on facilities for export customers by the fact that they have export credit insurance cover. Any form of export finance must take into account the quality of the sovereign risk and the security available to the bank and the creditworthiness of the buyer. The risks covered by insurance are insolvency of buyer, failure by buyer to pay within six months of due date for goods which he has accepted, buyer's failure to take up the goods, any embargo by the government in the buyer's country that prevents the import of goods which the exporter has contracted to sell, external debt moratorium declared by the buyer's government, cancellation of export licence/import licence, war, strikes, riots, civil commotions, and voyage diversion." @default.
- W942022221 created "2016-06-24" @default.
- W942022221 creator A5076722623 @default.
- W942022221 date "2004-01-01" @default.
- W942022221 modified "2023-09-25" @default.
- W942022221 title "Insurance" @default.
- W942022221 doi "https://doi.org/10.1016/b978-075065908-6.50006-1" @default.
- W942022221 hasPublicationYear "2004" @default.
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