Export credit protection

Distinguish insurance protecting an exporter against covered non-payment from a guarantee supporting a lender’s financing exposure. Products can address different commercial or political events, with eligibility, limits, exclusions, premiums and claims procedures. Protection against a buyer’s default does not automatically protect against ordinary exchange-rate movements, performance disputes or every interrupted financing arrangement. The beneficiary and covered obligation must be identified. Government-backed support and private insurance differ by scheme and transaction; the general label is not an unconditional promise that the exporter will receive every amount owed.