Lloyd’s box status
BOX 64 Marine Liability Ports & Terminals Energy
BOX 114, 115, 115A Property Treaty Int & US Direct & Facultative Property

Credit & Political Risk: Tabs (Cover, Territories)

Max Tenor

10 years / 15 years (in support of Public Agency Insureds)

Target Customers

Banks and financial institutions

Commodity traders

Corporates

Public agencies (Developmental Financial Institutions, Multi-laterals, Export Credit Agencies)

Private Equity/Investors

Cover

Our credit and political risk policies can provide cover on all these risks

Contract Frustration (CF) – Provides cover against non-payment or non-performance by a Sovereign or majority state-owned counterparty. We can also cover pre- and post-shipment, non-performance of a valid contractual obligation or the calling of a valid contractual bond

Credit (CR) – Provides cover against non-payment or non-performance by a non-sovereign counterparty. We cover trade and non-trade structures including loans, RCFs, LCs, receivables, project finance and corporate sales

Political Risk (CEND)- Provides cover against asset loss or loss of an investment in a foreign country including confiscation, expropriation, nationalisation and deprivation, selective discrimination, forced abandonment, forced divestiture, exchange transfer and currency inconvertibility

Territories

Core Territories Worldwide (Excluding sanctioned territories)
150 150 victor