If you are an exporter and have agreed, with the foreign buyer, the deferral of payment of up to 1 year, exceptionally up to 2 years, you can arrange an insurance policy for your short-term export receivables with HBOR and protect yourself against commercial and political risks.


Commercial risks are delay in payment by the foreign buyer or bankruptcy of the foreign buyer.


Political risks are: war or similar events, rebellion or revolution and government measures limiting or impeding transfer or free disposal of payments.


In HBOR you can insure your cash receivables against foreign buyers that you want to insure, and insurance policies can be arranged for one or several foreign buyers.


In case of non-payment by the foreign buyer, indemnity is paid to you by HBOR.