Protects investors, lenders, and contractors against political risks that may occur in Arab countries hosting the investments or the projects.
Protects exporters against the risk of default of payment of an importer/a local buyer/a payment obligor due to credit or political risk occurrence
Protects Financial Institutions against risks of default of payment due to credit or political risks occurrence in Arab countries
Offers bespoke solutions in credit & political risks insurance that meets the various needs of the Brokers’ customers.
Offering additional underwriting capacities to Export Credit Agencies and insurance companies by re-insuring or co-insuring credit and political risks
The Master Trade Finance Insurance Policy (MTFIP) covers the losses suffered by the insured bank resulting from non-receipt of all or part of the value of the insured trade finance instrument due to a credit or political risk materialization.
Dhaman pays up to 100% of the insured share/amount under the trade instrument.
Signing of the Master Trade Finance Insurance Policy
The insured Bank sends an inquiry with all transaction details
Dhaman sends a Firm Insurance Offer or Tentative Non-Binding Indication
The Insured Bank sends a formal insurance application along with a copy of the instrument
Dhaman issues an Insurance Decision for the underlying transaction
The Insured Bank sends a declaration of utilization upon shipment or draw-down
The insured Bank pays the due insurance premiums
In case of default, claim, compensation & recovery processes are followed
Shaimaa M. Aldoussari, Head of Financial Institutions Unit