Pre/post shipment insurance
RISK COVER
PRE-SHIPMENT RISK COVER: Coverage for exporter’s manufacturing costs against losses may occur due to order cancellation, before cargo is shipped
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 from the date of contract signature or starting the manufacturing process and ends once goods are shipped
- Coverage for political and commercial risks.
- Coverage of up to 90% of the incurred manufacturing costs payablePOST-SHIPMENT RISK COVER: Coverage of export receivables from a Single Buyer / Country
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 multiple transactions with repayment terms not exceeding 12 months.Specifications and Conditions:
- Coverage starts once goods are shipped till payment is collected on due date.
- Coverage for political and commercial risks
- Coverage of up to 90% of the value of the payable.
Frequent asked questions
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
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