The basic policy
The
company started its activity by issuing the Basic
policy or the standard policy by which
- It
covers short terms facilities given from the exporter
to his buyer abroad this up to 180 days extendable
to 360 days which suits exports of raw materials
semi and finished products .
-
The cover starts from date of shipment until payment
of proceeds (post shipment cover)
-
The indemnity paid is 80% of the loss incurred
-
The company assigns a credit limit for each buyer
accepts to cover . This limit is normaly revolving
and represents the maximum liability of the company
at any one for payment of indemnity .
