home / Unconfirmed Letter of Credit Insurance Policy
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
Covers the failure of an issuing bank to honor its payment obligation on the original due date. The insurance policy covers both credit and political risks.
Dhaman compensates the policyholder up to 100% of the L/C value following risk materialization.
The exporter applies to ULC insurance
Dhaman provides the exporter with an indication detailing the scope of cover and the pricing
Acceptance of quotation/policy signature/premium payment
Declaration of shipments made under the insured Letter of Credit within 7 days
Declaration of default of payment/Compensation disbursement/Collection from the defaulting Bank
Sara S. Alrifaee Head of Short-term Export Credit Insurance