Export Credit Insurance
Export Bahrain subsidies 80% of the premium rate and transaction fees against each export shipment based on pre-defined and approved premium rates as well as covering 80% of the buyer evaluation fees, the application fees and ensures that exporting businesses receive at least 90% reimbursement in the case of default. The Export Credit Insurance is facilitated in partnership with the Arab Investment & Export Credit Guarantee Corporation “Dhaman”.
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 competitive and enhanced credit terms.
Eligibility Criteria:
- A company with an active Bahraini Commercial Registration in the Kingdom of Bahrain.
- To meet the minimum standards of local production, goods manufactured or processed.
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.
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