Pre-export financing insurance

• Exporters that are duly registered and operate successfully;
• They generated income from sale in the foreign market in the period of at least 1 year;
• They have a concluded and legally valid export contract with a foreign buyer;
• The bank has assessed favourably the exporter’s creditworthiness.

• The exporter provides working capital necessary for the realisation of agreed export transaction;
• It is possible to insure from 60% up to 80% of the receivables based on principal and ordinary contractual interest;

• The bank is insured against non-performance of obligation under the loan contract;
• The premium rate depends on credit rating of the exporter, maturity and loan collaterals as well as the insurance policy coverage;

• Waiting period of not more than 2 months is a warranty of the indemnity payment in short term.

Based on preliminary risk assessment, HBOR can provide free of charge and unbinding information on possibilities and terms and conditions on insurance of pre-export financing per individual exporter – borrower.

1. HBOR, the bank and the exporter conclude the insurance contract.
2. The Bank approves the loan to the export for pre-export finance.
3. The exporter uses the loan funds and manufactures the goods that are then delivered to the foreign buyer.
4. The foreign buyer pays for the goods to the exporter. The exporter repays the loan from its inflows from abroad.
5. If the exporter does not repay the loan, HBOR pays indemnity to the bank.

General Terms and Conditions