TCPRI - RISKS COVERED
Our TCPRI solutions for Corporates provide a comprehensive insurance protection against broad spectrum of domestic & export credit risks viz. :
(1) Commercial risks involving your Customer :
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Insolvency of Customer(s)
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Protracted default by Customer(s) i.e. not paying on due date
(2) Export & Political risks affecting Country(ies) which impact customer payments :
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Contract Frustration
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War, Civil War, Terrorism, Rebellion, Coup d’etat etc.
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Government Moratorium
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Confiscation
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Expropriation
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Nationalization
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Currency transfer difficulties,
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Inconvertibility
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Public Buyer Default
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Force Majeure
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Natural Disasters
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Pre-shipment Credit Risks
(3) Contract Frustration & Political risks covering contracts with Government / Public Buyers :
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Insolvency or default by either a public or privately owned entity
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Non-trade capabilities
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Pre-export finance
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Pre-shipment political risk coverage
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Unfair and fair calling of on-demand bonds
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Currency inconvertibility and Exchange transfer
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License cancellation
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Import/Export embargo
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Confiscation, Nationalisation, Expropriation and Deprivation
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Construction Contractors Plant
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Failure to honour an arbitration award
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Aircraft and Vessel Repossession
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Mortgage Rights Insurance
For Banks, our 'Non-Payment Insurance' (NPI) or Obligor Trade Credit Insurance Policy, covers the risk of non-payment of loan obligation as per financing agreement. Policy can be structured to offer 'Capital Relief' under Basel norms.