Single Buyer
Short-term Policy Characteristics
• One or more shipments to a single buyer
• 90% indemnity rate (98% for bulk agriculture)
• Premium rate from rate schedule (EXIM) or negotiated (private insurers)
• Sales terms:
• All products up to 180 days
• 181 to 360 days for capital equipment, quasi-capital equipment, and bulk agricultural products
• 12 month policy period
• Multi-currency
• Delinquent interest coverage
• Assignment of proceeds
• Minimum premiums: $2,500
• Reasonably short waiting period (90 days) for claim filing
• Country limitation schedule
