The company has been providing export credit insurance protection and support to an ever-growing list of Omani exporters. It has paid claims to exporters for their buyers to such countries as the United States, the United Kingdom, Italy, France, South Africa, Greece, Holland, Germany, Saudi Arabia, the UAE, Qatar, Kuwait, Jordan and India.
The services of the agency are available to all Omani exporters irrespective of their size or service sector or the commodity bringing its invaluable and beneficial services to them.
The agency provides a range of facilities that include the following services:-
Export Credit Insurance providing cover to Omani exporters against commercial and non-commercial risks.
The services under this include: buyer’s insolvency/bankruptcy, buyer’s failure to pay, buyer rejection of delivery of goods, foreign exchange transfer delay, import bans or cancellation of import licence, payment moratorium, war, civil disorder, natural disasters.
Credit Oman’s guarantee minimizes the risk and maximizes the opportunities of exporters selling in foreign markets. The agency indemnifies exporters if they are not been paid by their buyers.
Domestic credit Insurance providing cover to Policy Holders against commercial risks domestically.
The services under this include buyer’s insolvency/bankruptcy, buyer’s failure to pay, and buyer refusing delivery of goods.