|Instrument||Long-term Credit Insurance|
|How it works||Companies can approach any Singapore-registered TCI credit insurer for a TCI policy cover. Should the company qualify for premium support under TCIS, the TCI credit insurer/intermediary will assist it in the submission of its application for TCIS premium support to IE Singapore.|
|Eligible projects||• Supplier of goods and Services
• Financial institution providing overseas credit
|Eligible beneficiaries||Exporter that has a Thai national or Thai company as a shareholder|
|Eligible forms of investment||All export transaction such as sales of capital goods, construction contracts, service contracts, or sale of consumer durable goods, etc.
• For export of services transaction, the term of payment or contract period could be up to 5 years.
• For export of goods transaction, the term of payment or contract period should be more than 6 months to 5 years.
|Risk types covered||Political and commercial risks|
|Maximum tenor||No stated maximum|
|Maximum amount or cover||Cover up to 90% of the actual loss|
|Fee||Premiums based on type of risk covered (credit risk, construction risk, securities), coverage (political risk, commercial risk), country risk, financing structure, duration, buyer, and the like|