On the other hand, the Export Credit Insurance contributes to the development of competitive advantages as it allows exportations to new and existing clients under previously evaluated credit conditions, without the necessity of payment warranties, such as Letters of Credit, without time consuming dealings and resources with respect to clients that do not qualify financially for credit allowance.

Furthermore, foreign sales encounter a non payment risk due to political decisions or situations, in other words, losses caused by non payment of credits not attributable to insolvency of buyers. The Insured can therefore purchase a special additional clause covering Political Risks, including the following instances:

• War, civil war, revolution, or occupation of territory by a foreign power.
• Expropriation or confiscation, requisition of merchandise, or delay of transference of foreign currency due to lack of funds or government instructions.
• Cancellation of export or import permits.
• Unilateral cancellation of contracts by the importers government.

It is also possible to provide coverage for credit sales by companies established or domiciled out of Argentina or to affiliates of our insured, who wish to cover their exports or sales in the local market.