Forms of Export Credit Insurance Found in International Practice

Vãduva Maria ()
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Vãduva Maria: „Constantin Brâncu?i” University from Târgu Jiu, Faculty of Economics and Business Administration

Ovidius University Annals, Economic Sciences Series, 2014, vol. XIV, issue 1, 765-769

Abstract: Export credit insurance covers a multitude of export risks which will be grouped according to the moment when the risk occurs and its nature. Credit insurance is designed to provide protection against economic agents against risks specific to export. Credit insurance is designed to provide protection against economic agents against risks specific to export. An export contract may relate to supply of goods, performance of works or provision of services including transfer of licenses or patents in favor of buyers or recipients residing abroad. Export is done by means of commercial credit granted by the supplier or business partner, external buyer or buyer credit granted by a foreign buyer's bank. Both forms of export credit designed to encourage trade exchange in the interests of the contracting parties and shall be granted by private operators (suppliers, banks) in conditions close to those practiced in the market.

Keywords: insurances; commercial contract; export; risks; importer (search for similar items in EconPapers)
JEL-codes: F13 G22 (search for similar items in EconPapers)
Date: 2014
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