Master Trade Finance Insurance Policy

The insurance policy protects banks against credit and political perils that may lead to the default of the obligor banks. It encompasses various trade finance instruments – whether letters of credit, avalized drafts, or otherwise.

Dhaman pays up to 100% of the insured amount under the insured transaction in case of risk occurrence.


  • Issuance of the insurance policy

    Signing of the Master Trade Finance Insurance Policy

  • Enquiry for insurance

    The insured Bank sends an enquiry with all transaction details

  • Insurance Offer - Non-Binding Indication

    Dhaman sends a Firm Insurance Offer or Tentative Non-Binding Indication

  • Insurance application

    The Insured Bank sends a formal insurance application along with a copy of the instrument

  • Insurance decision

    Dhaman issues an Insurance Decision for the underlying transaction

  • Declaration of utilization

    The Insured Bank sends a declaration of utilization upon shipment or draw-down

  • Premium payment

    The insured Bank pays the due insurance premiums

  • Claim & compensation

    In case of default, claim, compensation & recovery processes are followed

Contact info

  • Shaimaa M. Aldoussari, Head of Financial Institutions Unit

  • +96524959540