EXIM Thailand
| Instrument | Long-term Credit Insurance |
|---|---|
| Instrument type | 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 |