Export insurance definition

Export insurance means insurance made available by the authority to protect an exporter against a foreign buyer's failure to pay for goods or services for political or commercial reasons. The amount of the loss covered for each transaction and particular risks shall be determined by the authority.
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Export insurance means insurance made available by the export development authority to protect an exporter against a foreign buyer's failure to pay for goods or services for political or commercial reasons. The amount of the
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Examples of Export insurance in a sentence

  • Export insurance is provided by the African Trade Insurance Agency.

  • Export insurance and guarantees are available from several foreign insurers as well a local company ECICS Ltd, which was previously a subsidiary of Temasek Holdings.

  • According to the Regional Committee for Statistics industrial production has grown by 24 % during the first half of this year.

  • Apart of all activities it is important to stress that Export insurance and Factoring are the specific products which only IGA is offering to BiH companies.

  • In § 351.520, revise paragraph (a)(1) to read as follows:§ 351.520 Export insurance.

  • Export insurance mechanisms will be introduced with active engagement of the private sector for the full utilization of the export potential, which will enable the exporting companies to develop their production in new directions and gain exposure to new export markets.

  • They are discussed below.Direct Measures  Tax incentives Financial incentives Export insurance Indirect Measures  Surveys, missions, publicity, and other general promotion work Export promotion campaigns Export inspections Design promotion Tax Incentives The export promotion tax system was started in 1953 and it ended around 1964 due to the General Agreement on Tariffs and Trade (GATT) (present day WTO).

  • Export insurance for companies selling on credit, and for non-payment caused by political and/or commercial factors, is provided by ECICS Credit Insurance Limited, a subsidiary of the Export Credit Insurance Corporation of Singapore (ECICS) Holdings Limited (a subsidiary of Temasek Holdings, a Government holding company).

  • Export insurance gives exporter more confidence when signing contracts with foreign buyers, offering competitive deferred payment terms and insuring them for a number of commercial and political risks of non-payment from their foreign buyers.

  • Students admitted with an A Level or an International Baccalaureate (IB) background can receive credit for the following list of courses provided they obtained a grade of ‘C’ or higher on the International Baccalaureate (IB) or A Level exam.

Related to Export insurance

  • In-Orbit Insurance means, with respect to any Satellite (or, if the entire Satellite is not owned by the Issuer or any Restricted Subsidiary, as the case may be, the portion of the Satellite it owns or for which it has risk of loss), insurance (subject to a right of co-insurance in an amount up to $150.0 million) or other contractual arrangement providing for coverage against the risk of loss of or damage to such Satellite (or portion, as applicable) attaching upon the expiration of the launch insurance therefor (or, if launch insurance is not procured, upon the initial completion of in-orbit testing) and attaching, during the commercial in-orbit service of such Satellite (or portion, as applicable), upon the expiration of the immediately preceding corresponding policy or other contractual arrangement, as the case may be, subject to the terms and conditions set forth in this Indenture.

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • Insurance means comprehensive insurance of the vehicle(s)/equipment and shall include insurance of the crew.

  • Reinsurance means the activity consisting in accepting risks ceded by an insurance undertaking or by another reinsurance undertaking or, in the case of the association of underwriters known as Lloyd's, the activity consisting in accepting risks, ceded by any member of Lloyd's, by an insurance or reinsurance undertaking other than the association of underwriters known as Lloyd's;

  • Blanket insurance policy means a group policy covering a defined class of

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

  • long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -

  • Surplus lines insurance means insurance in this State of risks located or to be performed in this State, permitted to be placed through a licensed broker with a nonadmitted insurer eligible to accept the insurance, other than reinsurance, wet marine and transportation insurance, insurance independently procured, and life and health insurance and annuities. Excess and stop‑loss insurance coverage upon group life, accident, and health insurance or upon a self‑insured’s life, accident, and health benefits program may be approved as surplus lines insurance.

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • Applicable Insurance Regulatory Authority means the insurance department or similar insurance regulatory or administrative authority or agency of the jurisdiction in which the Company is domiciled.

  • Credit insurance means insurance offered in connection with an extension of credit that is limited to partially or wholly extinguishing that credit obligation.

  • Procurement Code means §13-1-101, et seq., XXXX 0000, as amended and supplemented from time to time.

  • Insurance producer means a person required to be licensed under the laws of this state to sell, solicit or negotiate insurance, including annuities.

  • Foreign insurer means an insurer domiciled outside of this state, including an alien insurer.

  • Long-term care insurance means group insurance that is authorized by the retirement system for retirants, retirement allowance beneficiaries, and health insurance dependents, as that term is defined in section 91, to cover the costs of services provided to retirants, retirement allowance beneficiaries, and health insurance dependents, from nursing homes, assisted living facilities, home health care providers, adult day care providers, and other similar service providers.

  • Group long-term care insurance means a long-term care insurance policy which is delivered or issued for delivery in this State and issued to:

  • Firearm trade association means any person, corporation, unincorporated association, federation, business league, or business organization that:

  • Ocean marine insurance means insurance against loss of or damage to:

  • Professional liability insurance means insurance against legal liability incident to the practice of a profession and provision of a professional service.

  • Insurance Regulator any Person charged with the administration, oversight or enforcement of any Insurance Regulation.

  • Medical malpractice insurance means insurance against legal liability incident to the practice and provision of a medical service other than the practice and provision of a dental service.

  • Health-care-insurance receivable means an interest in or claim under a policy of insurance which is a right to payment of a monetary obligation for health-care goods or services provided.

  • First party insurance means an insurance policy or contract in which the insurer agrees to pay a claim submitted to it by the insured for the insured's losses.