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What kinds of risk are covered by HKECIC’s policy?
HKECIC’s policy provides protection against losses resulted directly from any of the following events which occurs after shipment:

Buyer risk

  • Bankruptcy or insolvency
  • Payment default
  • Failure to take delivery of goods

Country risk

  • Blockage or delay in foreign exchange remittance
  • Import ban
  • Cancellation of import licence
  • Payment moratorium
  • The occurrence of war, revolution, riot or natural disaster in the buyer’s country which in whole or in part prevents performance of the insurable contract.