Export Credit Insurance and Guarantees A Practitioner's Guide

Author: Zlatko Salcic
Publisher: Palgrave Macmillan
ISBN: 9781137366801
Published In: April 2014
Format: Hardback , 248 pages
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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As a result of the recent global economic crisis, many exporters and bankers have found themselves seeking state support for their international transactions. Such support exists in the form of export credit insurance and guarantees provided by national export credit agencies (ECAs) to support national exports. However, this is a complicated business, with complex terms and a great many issues that must be resolved in order to satisfy ECA requirements.

This is the first practitioner handbook written on export credit insurance and guarantees, providing manufacturers, exporters, bankers, and lawyers with a unique and much needed resource. It covers all the key issues involved in successfully structuring an export transaction and selecting the appropriate type of ECA cover for each individual transaction. It provides comprehensive coverage of the key types of export credit insurance and guarantees used in international trade, with explanations about the risks covered by each, premiums, application procedures, claims and recoveries, as well as analysis of the international regulations governing this type of business and other aspects of obtaining policies and guarantees from ECAs. By learning and understanding the various types of cover and their specific variations, the reader will be able to select the most appropriate type of cover for each specific transaction and structure the transaction in such a way as to be eligible to obtain ECA cover.

PART I: SUBJECT MATTER, PARTIES AND RISKS
1. Subject Matter and Basic Terms
2. ECAs and Users of the ECA Cover
3. Political and Commercial Risks
PART II: TYPES OF ECA COVER
4. Short-Term, Medium- to Long-Term and Partial Cover
5. Supplier Credit Cover
6. Supplier Credit Cover with the Involvement of Banks
7. Supplier Credit Cover in Complex Transactions
8. Buyer Credit Cover
9. Other Types of ECA Cover
10. Foreign Investment Cover
11. ECA Direct Loans
PART III: PROCEDURES
12. Application, Offer and Policy
13. Premium
14. Foreign Content
15. Currency
16. Confidentiality
17. Security for Payment of Credits Covered by ECAs
18. Reinsurance
19. Claims and Indemnification
20. Recovery
PART IV: LEGAL FRAMEWORK
21. OECD and EU Regulations on Terms of ECA Cover
22. Other OECD Regulations and International Sanctions
23. Selected Standard Terms of ECA Cover

Zlatko Salcic is a solicitor of England and Wales with 14 years experience in export credit insurance and guarantees. He began his career as a litigation and transaction lawyer before moving into the export credit insurance business as senior legal counsel. Dr Salcic has been involved in all aspects of the export credit insurance business ranging from structuring and negotiating the export credit transactions in the power, pulp and paper, transportation, telecommunication, mining and chemical industries. He has prepared export credit insurance documentation and advised parties on various transactions in the areas of trade finance, structured finance and project finance.