Our guarantee for your development
WHO ARE THE BENEFICIARIES?
You are a bank and you want to facilitate and reinforce the confirmation of your documentary credits open in payment of exports.
The COTUNACE Letter of Credit Insurance (L/C) responds to your needs by guaranteeing the confirmation of your credit letters open in the benefit of your customers.
WHAT COVERED RISKS?
Letter of Credit Insurance (L/C) guarantees the confirmation of the credit letters of your customers against:
- 1. Commercial risks : insolvency or refusal of the issuing bank to honor its obligations (bankruptcy of the bank, liquidation, deficiency of the issuing bank).
- 2. Non-commercial (political) risks in the country of the issuing bank:
- Non Transfer Risk : measures taken by governmental authorities of the issuing bank which have the effect of preventing the transfer of the value of your insured documentary credit.
- Any action taken by the authorities of the issuing bank to prevent you from asserting your rights to the issuing bank.
- Risk of civil or military unrest : War or civil disturbance in the territory of the issuing bank’s country.
THE + OF LETTER OF CREDIT INSURANCE (L/C)
- Outsourcing of your risks.
- Guaranteed the confirmation of your documentary credits in the country of the issuing bank.
- Guarantee that can be extended to the principal amounts of your claim, your contractual interest and your commissions.
- Indemnity up to 90% of your losses.
