Policies for corporate clients

EXTENDED SHORT-TERM CREDIT INSURANCE POLICY

The extended short-term credit insurance policy insures its holders against the payment default of their buyers for the sales of goods and services, payable by installments, over a period up to 36 months.

Insured Profile & Eligibility

Insured profile & eligibility

Business entities based in Oman
Insures sales of vehicles, machinery or raw materials
Ideal for product leasing
Short-term projects based on installments

Cover Provided

Buyer settles payments on installment basis
Specific buyer
Cover granted on non-revolving limits

Risks Insured

Risk Insured

Buyer Payment Default or Insolvency risks
Political risk cover (for exports)

Optional add-ons

Assignment of benefits to banks

The extended short-term credit insurance policy insures its holders against the payment default of their corporate buyer for the sales of goods and services, payable by installments, over a period of up to 36 months.

This policy is ideal for both corporates and banks based in Oman. Corporates who lease or sell products and services for a period exceeding 180 days and on installment basis, or are involved in short-term projects with payment installments. Banks can also benefit from such a product, specifically when the financing is made to corporates for the purchase of products (traditionally vehicles and machinery) with payment installments.

RELATED PRODUCTS

Trade credit insurance policy

For companies registered in Oman, seeking to trade with local buyers or export their products or services internationally, the short-term trade credit receivables policy safeguards sales transactions and protects cash flow.

Multi-buyer trade credit insurance policy

The Multi-buyer Policy by Credit Oman, offers full buyer portfolio coverage. This policy is ideal for companies selling to a large number of buyers, locally in Oman or exporting to international markets.

SME Policy

The SME Policy by Credit Oman, is tailored for small and medium sized enterprises, both selling goods and services in Oman, as well as companies selling to international markets. This policy for can be used by companies registered in Oman as SMEs and have a permit to trade.

Advance Payment Insurance Policy

The Advance Payment insurance policy is issued to companies that are registered in Oman. The policyholder purchases this Policy, to insure the advance payments that the policyholder is carrying out, for both local and international suppliers.