20. Foreign Credit Insurance

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20. Foreign Credit Insurance
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Foreign Credit Insurance Association

• Risk Management in Exporting
• Benefits of Exporting
• Risks of Exporting

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Foreign Credit Insurance Association

• Origin of the FCIA
• A. Risks Covered
• 1. Political Risks

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Foreign Credit Insurance Association

• 2. Special Endorsements
• a. preshipment coverage
• b. nonacceptance coverage
• c. coverage in a foreign currency
• 3. Exclusions and Limitations

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Foreign Credit Insurance Association

• B. Advantages

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Foreign Credit Insurance Association

• C. Traditional Policies
• 1. Short-term comprehensive
• 2. Coverage
• a. Permitted exclusions
• b. Discretionary limit
• 3. Short-term political risk policy
• 4. Medium-term comprehensive
• 5. Medium-term political risk

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• 6. Small Business Policy
• 7. FCIA Coverage as Financing Tool
• a. simple notice assignment
• b. special assignment
• c. assigned transactions