Export Bill Financing Insurance 2

Asuransi Asei is an Indonesian ECA that performs its function by providing export protection against commercial risks and political risks in other countries.

Export Bill Financing Insurance

Asuransi Asei is an Indonesian ECA that performs its function by providing export protection against commercial risks and political risks in other countries.

Trade Insurance

Trade Insurance is is insurance that provides compensation to the Insured (Seller/Bank/ NonBank Financial Institution) against possible risk of loss due to non-receipt of any or all parts of payment from Buyer/Importer or L/C opening Bank caused by commercial and/or political risks.

The benefits of trade insurance are as follows:

Mitigating the risk of default from exporters.
Reduce bad debts.
Increase sales to existing buyers.
Encouraging Exporters to expand into new markets.
Assist Exporters in conducting Buyer risk assessment.

Why Use Trade Insurance?

This type of insurance provides compensation to the insured (seller) against the risk of loss due to non-receipt of part or all of payment from domestic buyers caused by commercial risk.

The benefits obtained are as follows:

Increasing Sales, increasing the competitiveness of sellers/sellers because they can provide more attractive offers to buyers/buyers because of the seller’s sense of security in the transactions made.
Provide protection against the possibility of default (Stabilization of the seller’s/seller’s financial condition) Failure to pay (partially or completely) from the buyer/buyer is a risk that the seller/seller cannot avoid. With insurance, the risk will be transferred to Asuransi Asei so that the insured/seller avoids financial loss/disruption.
Improve Credit Management, keep the credit manager alert. They know if they don’t follow the procedure properly, then their receivables will be in jeopardy.

Detail

Insurance that provides protection to the Insured (Exporter) against the risk of not receiving part or all of the export invoice from the Importer due to commercial risk or political risk.

The benefits obtained are as follows:

Giving a feeling of security to exporters in facing their export risks and increasing the courage to penetrate new export markets with very low premium costs.
Exporters can offer or fulfill importers’ wishes to use terms of payment with soft payment terms (non-L/C but relatively have a higher level of risk of default payment such as Documents Against Acceptance, Documents Against Payment and Open Account (O/A), this risk can be insured at Asuransi Asei.
Exporters can fulfill market demand originating from importers, especially those in non-traditional markets.
Exporters can use Export Insurance in order to obtain discounted export bills financing (post-shipment export financing) where Export Insurance is an additional guarantee to the bank.

Detail

Insurance that provides protection to banks that will provide financing to customers/debtors/sellers against the possible risk of not receiving part or all of repayments from domestic (domestic) buyers due to commercial risks.

The benefits obtained are as follows:

Risk Covered : Commercial risk (Buyers go bankrupt (Buyers’ bankruptcy), Buyers are declared Bankrupt (Insolvency), Buyers refuse or are unable to pay for the goods that have been sent by sellers).
Amount of Compensation : Asei Insurance will pay compensation up to 85% of the losses suffered by the Bank for financing domestic bills (excluding interest and fines).
Coverage Fee: The amount of the premium is calculated from the premium rate for banks (which already have a cooperation agreement) single flat rate.

Detail

Insurance that provides protection (protection) to banks that take over (negotiate) export bills of customers/debtors/exporters against defaults from foreign buyers (importers) caused by commercial risks and/or political risks. This insurance is provided to guarantee the negotiation of Export Bills for Export Bills on the basis of Usance LC from Issuing Bank, Document Against Acceptance (DA), or Documents Against Acceptance (DP) and Open Account (O/A).

The benefits obtained are as follows:

Risk Covered: Commercial risk (bankrupt importer), importer default/default, importer refusing to accept goods) and political risk (ban on foreign exchange transfers, import quota restrictions, revocation of import business licenses, war or other hostile actions in importer country).
Coverage Fee: Up to 85% of the losses suffered by the Bank on the disbursement of export bills financing facilities to Customers/Debtors/Exporters who have been given a limit of coverage by Asei Insurance.

Detail