Export Credit Insurance
The first solution to guarantee export credit in the Kingdom of Bahrain and to supports businesses by protecting their receivables and reduce all possible associated risks of default by providing protection against non-payment risk of buyers in export markets. Premium amounts and other fees are subsidized against each export shipment based on pre-defined and approved rates up to a certain limit.
Objectives:
- Protecting exporters cash flow and reduce all possible associated risks by providing protection against non-payment risk.
- Allowing exporters to explore new markets and buyers with confidence.
- Supporting exporters to provide their buyers with competitive and enhanced credit terms.
Eligibility Criteria:
- A company with an active Bahraini Commercial Registration in the Kingdom of Bahrain.
- Business should meet a minimum standard of local production, goods manufactured or processed.
- Any other terms & conditions specified by Solution Partner.
- A subscribed customer with Export Bahrain.
- Other criteria and requirements may be applied subject to Partner policies.
Exporters are required to:
- Submit monthly export reports to Dhaman.
- Settle the insurance premiums within 10 working days of the insurance invoice date.
- Notify Dhaman of any overdue invoices within two months from the maturity date of the insured debt.
Terms & Conditions apply as per the signed insurance contract.