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export insurance

BRIEF ABOUT THE SERVICE

To protect Qatari exporters from risks imposed by overseas buyers, Export Insurance provides two types of export credit insurance: pre-shipment risk cover and post-shipment risk cover, protecting exporters against commercial and political risks.
These products relieve your company of the burden of maintaining additional capital for export financing.

Pre-shipment Risk Cover

This coverage is for Made in Qatar products, which protects you against loss of produce (direct or indirect) or when an order is cancelled before the goods are shipped. This is especially important for exporters producing custom-made products that may not be resalable or when you are obliged to discontinue production due to political or commercial risks in the importing country.

    Specifications and conditions:

  • Coverage begins when the goods are delivered and ends with the payment/policy expiry date.
  • Coverage for all political and commercial risks.
  • Coverage of up to 90% of the value of the payable.

Post-shipment risk cover

Post-shipment risk cover protects you against the risk of an overseas buyer failing to pay for goods received on credit.
It is intended to protect transactions with repayment terms not exceeding 12 months and mainly includes the supply of consumer goods, raw materials, semi-finished goods and spare parts.

    Specifications and conditions:

    Similar to the pre-shipment risk cover, the guarantee covers 90% of the value of goods

  • Coverage begins when the goods are delivered and ends with the payment/policy expiry date.
  • Coverage for all political and commercial risks
  • Coverage of up to 90% of the value of the payable.​​

Required documents:

  • QDB KYC form (duly signed by the authorized signatory and stamped with the company seal)
  • Copy of valid Commercial Registration
  • Copy of computer card
  • Completed Pre/Post-Shipment Risk Cover application (duly signed by the authorized signatory and stamped with the company seal)
  • Copy of the purchase order/export invoice, where applicable
  • Buyer Information
  • Official request letter

Required Documents in case of a claim:

  • Delivery note
  • Certificate of Origin (clearly stating Made in Qatar)
  • Export contract
  • Purchase order
  • Invoice
  • Transport documents (B/L, etc.)
  • Dunning correspondences
  • Documents issued by Customs
  • Any proof of payment/money received or any other gains
  • Email with notification by the exporter to the buyer that he will take legal actions against these receivables

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