If you produce goods on a special order from a foreign buyer that cannot be sold to another buyer, you can protect yourself also against the risk of losses during the production. In such a case, you are insured against the inability to fulfil an export contract caused by the foreign buyer’s termination or the occurrence of political risk event that prevents the fulfilment of the export contract (e.g. embargo on exports to the buyer’s country);
Insurance against the risk of the foreign buyer’s termination of export contract or the risk of inability to export goods can be concluded under a policy of insuring the collection of export receivables.
Indemnity is paid in the amount of actual costs arisen during the process of producing certain goods minus the percentage of retention, i.e. your contracted share in the loss.
For more detailed information, please contact us at:
HBOR, Export Credit Insurance,
Zelinska 3, 10000 Zagreb
Phone: +385 1 4591 539; Fax: +385 1 4591 547; e-mail: email@example.com