The policy protects against the risks of default of payment of a private or a public buyer. The insurance covers the credit and/or political risks of a single export transaction.
The insurance policy expires upon the final settlement of all dues. The policyholder obtains up to 90% of the incurred loss once a risk materializes.
Inability or failure, or refusal of the importer/LC issuing Bank/payment obligor to fulfill the payment
The bankruptcy of the importer/LC issuing Bank/payment obligor
Contract Frustration
Currency inconvertibility and transfer restrictions
Measures taken by the authorities of the importing country preventing 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.
Supply of goods and/or services of non-Arab origin to an Arab country 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.
Companies in non-Arab countries exporting goods/services of Arab origin and owned by more than 50% by nationals from member countries
Suppliers of commodities, equipment, pharmaceuticals, etc. from non-Arab countries
Request for quotation
The exporter submits the request for quotation form to Dhaman
Dhaman provides the exporter with an indication detailing the scope of cover and the pricing
Export credit insurance quotation
Issuance of the Insurance policy
Acceptance of quotation /contract signature/premium payment
Declaration of shipments to the approved buyer within 10 days
Declaration of shipments
Compensation Process
Declaration of default of payment/Compensation disbursement/Collection from the defaulting obligor
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