More than 50 years
of experience
of experience
29 USD Billion Worth
export and investments
export and investments
A+ Rated by S&P
The insurance protects exporters against the risks of default of payment of customers located abroad. The policy covers both credit and political risks pertaining to export transactions. As a complementary service, Dhaman protects the policyholders against the risk of default of payment of local buyers against credit risk only.
The policy period is one year, automatically renewed.
Upon risk materialization, Dhaman pays the insured exporter up to 90% of the losses.
Inability or failure or refusal of the importer/local buyer/LC issuing Bank/payment obligor to fulfill the payment
Bankruptcy of the importer/local buyer/LC issuing Bank/payment obligor
Contract frustration
Currency inconvertibility and transfer restrictions
Measures taken by the authorities of the importing country which prevent the insured from obtaining his rights
Default of payment of a public entity
War and civil disturbances
Export of goods and/or services of Arab origin. Import of goods and/or services of non-Arab origin by an Arab country from all over the world, provided the imported goods are developmentally sound for the importing country, such as commodities, equipment, food, pharmaceuticals, etc.
Supply of goods or services of non-Arab origin to Arab countries from all over the world, provided the supplied goods are developmentally sound for the importing country, such as commodities, equipment, food, pharmaceuticals, etc.
Exporters from Arab countries.
Exporters from non-Arab countries supplying goods or services of Arab origin where more than 50% of the ownership is for Arab nationals.
Suppliers of commodities, equipment, pharmaceuticals, etc., from non-Arab countries.
Request for quotation
The exporter submits the identification form to enable Dhaman to prepare the IQ
Dhaman provides the exporter with an insurance quotation detailing the scope of cover and the pricing
Export credit insurance quotation
Issuance of the insurance policy
Acceptance of quotation/policy signature/premium payment
Declaration of shipments to approved buyers monthly
Declaration of shipments
Compensation Process
Declaration of default of payment/Compensation disbursement/Collection from the defaulting obligor
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