Export Insurance Policy: sample policies

CreditSpecimen insurancepolicies protectsfor exportersUKEF’s inExport Insurance Policy:

1. Single Contract policy: can cover a one-off contract with a single customer under which there may be one or more shipments.
2. Multiple Contract policy: can cover repeat contracts with one or more shipments to a single buyer over a defined period.
3. Pay If Paid policy: can cover where the eventbuyer thathas theya arecontract notto paidonward forsale to an “end-buyer”.
4. Small Export Builder endorsement: a version of the goodMultiple and/orContract services.policy Itwhich alsoallows helpsan exportersexporter recoverto increase their initial credit limit in steps up to a maximum of £100,000, subject to conditions including the costsdevelopment of deliveringa thatpositive contract.trading history with the buyer.

Non-binding Indication Request Form:

UKEFIf providesyou creditare insurancean forexporter exporters.and Thisyour givesbuyer themis in the protectionprivate andsector, peaceyou ofcan mindget thatan theyinstant requirequote online for a Single Contract policy for up to fulfil22 theirmonths overseasor contractsa successfully.Multiple ThisContract canpolicy befor doneup directlyto 12 months. If you need longer cover, have a government or throughpublic workingsector withbuyer, eligibleor brokers.cannot use the online tool for any reason, fill in the Non-binding Indication Request Form instead.

TheProposal toolkitForm:

Exporters givescan anapply overviewfor ofSingle UKEF’sContract (cover for up to two years) and Multiple Contract (cover for up to 12 months) policies in the online application portal on GOV.UK. Exporters who would like to use the Small Export InsuranceBuilder Policyshould also apply online in the same way and provideswill be notified by UKEF if they meet the eligibility criteria. You cannot complete the online application if you are a guidebroker.

If tolonger howcover brokersis required or you cannot use the online application tool for any reason, you can accesssubmit anda manageProposal thisForm policyto onapply behalffor ofexport theirinsurance clients.for Single Contract and Multiple Contract policies.

PleaseIf findyou are interested in the latestPay versionif Paid cover, or in using export insurance in conjunction with other UKEF products, known as Supplementary Export Insurance, please speak with one of theour proposalExport formFinance here.Managers or a member of our underwriting teams.

Please see our Guide for Exporters and Brokers for more information.