Policies customized for Banks


For banks operating in Oman, the Documentary Credit Insurance Policy (DCIP) is an ideal protection to safeguard the credit risk of banks in international trade transactions under Letters of Credit.

DCIP provides cover against the non-payment and insolvency of the LC opening bank (Importer’s bank) while adding confirmation to the Letter of Credit, thereby absolving its exporter client from all the credit risk involved in the transaction.

Maximum protection to commercial banks for adding confirmation to the LC is 90% while the banks need to retain a minimum risk of 10% to its account.

How the DCIP works