Export Credit Insurance by Credit Oman provides cover to exporters against commercial and non-commercial risks. These include buyer risks, such as a buyer’s insolvency/bankruptcy, buyer’s failure to pay and a buyer rejecting delivery of goods. In addition, the policy covers country risks, which include foreign exchange transfer delays, import bans or cancellation of import licenses, payment moratorium, war, civil disorder and natural disasters.
Credit Oman’s credit insurance products reduce the risk and maximize opportunities of exporters selling in foreign markets. Credit Oman indemnifies exporters if they have not been paid by buyers in the overseas market.