The strategy of the company is aimed at establishing the national system of insurance of foreign trade operations and export contracts,
as well as ensuring its efficiency.

Export Credit Insurance

Eximgarant of Belarus offers an unprecedented insurance product – export risks insurance with State support, which includes specific legally-based financial mechanisms facilitating foreign trade activities.

Pre-Export Risk Cover

Eximgarant of Belarus has introduced a product allowing to avoid the impact of political and economic factors which can result in improper execution of the contract - Pre-Export Risk Cover.

The insurance covers the domestic exporter's losses due to the impossibility to fully or partially implement the export contract at the pre-export stage of foreign trade cooperation.

Thus in case the overseas contractor refuses to execute the export contract which has been concluded, Eximgarant of Belarus pays out an insurance compensation covering costs incurred by your enterprise to carry out its obligations under this export contract.

Demonstrating a comprehensive approach to the insurance cover of your foreign trade activities, we recommend to combine this insurance product with export contracts insurance and (or) the insurance against the risk of non-repayment of export credit granted to a domestic exporter or to an overseas buyer.

The procedure of interaction:

Insurance of exporters against losses related to export contract implementation
  1. Export contract, previously agreed upon with Eximgarant of Belarus;
  2. Insurance contract;

    In case the overseas buyer refuses to carry out his obligations under the export contract:

  3. Payment of the insurance compensation, transfer of the rights of claim to Eximgarant of Belarus;

  4. Raising claims against the overseas buyer.

The list of documents required for the conclusion of an insurance contract:


  • Application for the conclusion of an insurance contract (see Annex №2 to these Conditions);
  • The Charter, the document evidencing the state registry of the insurant (in case it is the first insurance contract concluded with this insurant);
  • Contract of voluntary insurance of short-, medium- and long-term export contracts against political or commercial risks, or the contract of voluntary insurance against the non-return (non-repayment) of export credit or any delay in the return (repayment) of such credit granted to residents of the Republic of Belarus for the production of goods (works, services), or the preliminary contract in the relevant fields of insurance;
  • Documents evidencing or securing payment for the products, works, services which are put up for sale (export contract or draft export contract, letter of credit, guarantee of the contractor's bank or State and other ways of securing the fulfillment of obligations);
  • Information on the contractor's economic and financial standing and of his legal status.

Insurance regulations No. 33.


© 2013 Eximgarant of Belarus

Sitemap

Head office
Meltikayte str., 2, Minsk City

+375 17 209-40-28
+375 17 209-40-67

info@eximgarant.by

Developed by Astronim*